Senate uncovers alleged multi-billion naira fraud in NTA

By AdvocateNews on 22/08/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 1,039

The Senate Joint Panel on Finance and National Planning on Friday uncovered alleged multi-billion fraud in the Internally Generated Revenue of the Nigerian Television Authority.

The lawmakers uncovered series of alleged fraud going in the national television station during stakeholders meeting on MTEF/FSP 2021-2023, which the Director General of the NTA, Mallam Yakubu Mohammed, attended.

The troubled started after Mohammed concluded his presentation and the lawmakers asked him why he is blocking the registration of StarTimes with the National Broadcasting Commission.

But the Director General responded that NTA is not blocking the StarTimes from registering with the NBC, adding that the national television station has a joint venture agreement with StarTimes which is on 30 per cent and 70 per cent agreement.

The lawmakers, however, asked for the 30 per cent share of the NTA since the time the contract agreement was signed, which was not reflected in the documents submitted for scrutiny by the NTA.

The lawmakers were angry that the NTA decided to skip the revenue realised from the joint venture from the document submitted for consideration.

The Chairman of the Joint  Committees, Senator Adeola Solomon Olamilekan, ordered Mohammed to provide details of all revenue sources, including those from the StarTimes agreement.

Olamilekan said: “We want you to give us detailed break down of all revenue sources.

“You have to include all joint ventures, which NTA has entered into, and debtors to NTA, including revenues generated through commercials and independent programmes.”

The NTA entered into the joint venture with StarTimes in 2010, with a sharing ratio of 70-30 in favour of the Beijing-based company.

Irked by NTA’s outing, the Senate Panel ordered that henceforth all revenue generating agencies of government should remit all their earnings into the Consolidated Revenue Funds, from which their cost of collection will then be given to them.

Posted 22/08/2020 06:00:03 AM


Share on facebook Yahoo mail icon Gmail icon


You may also like...
2019: I’m not against support for Buhari. --Ayogu...

20.9 million Nigerians jobless, says NBS

APC Appeals Committee, NWC affirm Obaseki’s, Ogiemwonyi’s disqualification...

WAEC releases 2021 WASSCE results

Buhari bans 50 high-profile Nigerians from travelling

PDP, Okorocha blast Uzodimma as Imo blames ex-gov...

President Buhari wants Attorney-General’s approval of businesses in...

Court adjourns Orji Uzor Kalu’s arraignment to June...

IGP promotes 82,779 junior policemen‎

Police commission to dismiss 37 ex-SARS officers

Killings: Danjuma’s self-defence call, evidence of Buhari’s failure...

May 29: Army alleges plot to end democracy...


Latest News ISWAP terrorists sack military base in Buratai’s village I sacrificed my parents for Biafra, I will sacrifice everything – Nnamdi Kanu vows COVID-19: I won’t take vaccine, I’m not guinea pig – Bishop Oyedepo Why I supported Boko Haram, al Qaeda, Taliban — Buhari’s Minister S-East govs, Ohanaeze, monarchs compiling names of IPOB members, ESN operatives for FG – Spokesperson Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns Police confirm death of Abuja pastor, Evans Unaegbu Buhari snoring while Nigeria sinks under him – Dino Melaye Nine govs stealing LG funds through cronies–NULGE Abductors of Kaduna students demand N500 million ransom Police arrest Woman for poisoning 3-year-old stepson with Sniper Insecticide Forces against NIN policy behind attacks against me – Pantami


Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (84,803 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (72,941 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (69,574 views) Sickle cell support group seeks government intervention (69,574 views) Ebonyi bans embalming of corpses in homes (69,572 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (69,570 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (69,562 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (69,492 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (68,227 views) ASUU strike: Senate intervention ends in deadlock (67,535 views) All you need to know about Peter Obi, PDP VP Candidate (56,966 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (54,999 views)






There are no video entries posted yet.