$2.1bn Arms Scam ThisDay publisher, Nduka Obaigbena returns N350m to EFCC

A top EFCC source said Obaigbena returned the money on Tuesday, February 2, 2016.

  • Published:
Nduka Obaigbena, Publisher of ThisDay Newspapers. play

Nduka Obaigbena, Publisher of ThisDay Newspapers.

(premiumtimesng)
24/7 Live - Subscribe to the Pulse Newsletter!

The publisher of ThisDay Newspapers, Mr. Nduka Obaigbena has reportedly returned N350m to the Economic and Financial Crimes Commission (EFCC).

A top EFCC source who spoke to Punch said Obaigbena returned the money on Tuesday, February 2, 2016.

The source said “The Publisher of ThisDay Newspaper, Mr. Nduka Obaigbena, has returned N350m out of the N670m he received from the ONSA

“The Publisher is expected to return the rest N200m next week. You know that he signed an undertaking to return the money before they released him. That undertaking expires on Tuesday next week.’’

Obaigbena was invited by the anti-graft agency to shed more light on the N670m he allegedly collected from the office of a former National Security Adviser, Col. Sambo Dasuki.

He was granted an administrative bail after agreeing to refund the money.

The EFCC subsequently gave the business mogul  two weeks to refund the money.

Read: EFCC reportedly strikes deal with ThisDay publisher, grants him bail

Reports also said Obaigbena used some part of the funds he collected, to fund Arise TV, his UK based television station, adding that N568, 360, 000 was allegedly transferred to Arise Global Media Limited.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.