Arms scandal: ThisDay publisher, Nduka Obaigbena, returns N350m?

Nduka Obaigbena

Nduka Obaigbena, the publisher of Thisday newspaper and the owner of Arise TV

According to The Punch, there were indications that the Publisher of ThisDay Newspaper, Mr. Nduka Obaigbena, has returned the sum of N350m to the Economic and Financial Crimes Commission (EFCC).

EFCC had quizzed Obaigbena on January 29, 2016 for allegedly receiving N670m from the immediate past National Security Adviser, Col. Sambo Dasuki (read.) in an on-going investigation into the issue of arms procurement under the administration of former president Goodluck Jonathan.

He was later released after he had agreed to sign an undertaking to make a refund of the money in two weeks. With the 14days grace period expiring on Tuesday next week, ThePunch quotes a top operative of the EFCC as saying that “the Publisher of ThisDay Newspaper, Mr. Nduka Obaigbena, has returned N350m out of the N670m he received from the Office of the National Security Adviser and he is expected to return the rest N200m next week”.

Mr Nduka Obaigbena had admitted receiving N670m from the office of the National Security Advier in a response to the EFCC last month. He explained that N120m of the money was given to the Newspaper Proprietors’ Association of Nigeria as compensation for losses incurred during the military clampdown on newspaper houses in 2015.

Several media houses, which received the compensation, have returned the money.

Nduka Obaigbena is a Nigerian media mogul, the founder of Nigerian based African newspaper Thisday, African focused style & culture magazine Arise and 24 hour international news channel Arise News.

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