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Obaigbena gets two-week ultimatum to refund N670m

28 January 2016, 18:13

Abuja - The Economic and Financial Crimes Commission (EFCC) has given “ThisDay” publisher Prince Nduka Obaigbena a two-week ultimatum to refund N670million allegedly collected from the the Office of the National Security Adviser (ONSA), Nation reports.

Obaigbena was quizzed for two days on the activities of General Hydrocarbons and  inflow into the company’s account from ONSA.

Obaigbena however denied benefitting from slush funds from the Office of the National Security Adviser (ONSA).

Also read: EFCC quizzes military officers over #Dasukigate

He said the administration of ex-President Goodluck Jonathan paid the said sums to “ThisDay” and the Newspapers Proprietors Association of Nigeria (NPAN) as compensation for the bombing of the newspaper house by Boko Haram and the seizure of copies of many newspapers by the military.

He said he was paid compensation of N550 million for the bombing of “ThisDay” office in Abuja but there is no nexus between this payment and the money he collected for contracts.

Read more at Nation

- News 24


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