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How We used N9.4Bn Approved for DSO- NBC

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Prof. Armstrong Idachaba, director general, NBC
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National Broadcasting Commission (NBC) has said that it used the N9.4 billion approved by the Federal Executive Council (FEC) to settle outstanding contractual agreements in the Digital Switch Over (DSO) project.

How We used N9.4Bn Approved for DSO- NBC

Armstrong Idachaba, acting director-general of the Commission, who stated this in Abuja said that the fund was not all that was needed to complete the Digital Switch Over (DSO) project.

Idachaba said the federal government had, however, taken the decision that going forward, it would stop contributing its lean resources to fund the DSO.

The DSO is the process of migrating from analogue to digital terrestrial broadcasting and the NBC has set 2022 for the completion of the project in Nigeria.

The NBC boss said the project would be self-sustaining and the government expected that the players and investors in the sector must be able to drive their own obligation financially.

“We hope that the broadcasters, those who own the channels will now pay the people who are carrying their signals.

“The signal distributors will evolve ways to pay those providing satellite services while government will be absolved of any financial obligations,’’ he said.

He said the N9.4 billion was money approved for contractual engagements in settling people that were engaged to deliver certain services.

“There is a company that is handling satellite services and we have been owing them some money and they are going to get the chunk of the money.

“In the transition process, there is a period called Dual-Illumination when you set side by side analogue contents and the digital contents.

“In the six cities where we are now, we have dual illumination because there are people with the Set Top Boxes who are watching digital contents while those without the boxes still have access to contents in the analogue,’’ he said

Idachaba added: “The question is that for people who are carrying digital signals at the time we have dual illumination, who pays?

“You will not subject the broadcasters to double taxation by servicing the digital transmission and at the same time the analogue transmission.

“The government therefore said that anywhere you are on the digital platform, the government bears the cost and in the process we got indebted to the signal distributors who are sending the signals.

“We also got indebted to those who are providing satellite services and the software managers all of the debts or obligation that amounted to 9.4 billion.’’

He said the fact that the project would be private sector driven has not absolved the NBC, as driver of the process, from certain responsibilities.

He said in the course of the migration, the Commission would have to find ways to take out of its meagre resources to fund some of the elements of the transition.

The NBC boss gave credit to  Alhaji Lai Mohammed, minister of Information and Culture for his vision in the implementation process.

Specifically, he said the Ministerial Task Force set up by the minister to drive the process was all encompassing of all relevant stakeholders including the Finance Ministry that will make the approved fund available.

Idachaba faulted the claim in certain quarters that the ministerial task force had usurped the power of Digiteam, a body set up by a former President to oversee the DSO.

“The government white paper on digital transition clearly stated that at every stage and level of the transition, both the NBC, Digiteam must offer periodic reports to the minister.

“What this means is that the minister sits on top of the architecture of the entire transition.

“Although the Digiteam is made up of experts and seasoned gentlemen, but there is a limit to which they can go in terms of exercising political will in government.

“Obviously the cabinet minister has more advantage in that area than somebody who is just a mere appointee.

“The NBC is a professionally run agency and we have our jobs cut off for us in monitoring contents and ensuring that the rules are adhered to,’’ he said.


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EFCC Arik Case: Witness Testifies on Receiver Manager Nominee’s Role in NG Eagle Shareholding

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The 4th prosecution witness in the ongoing trial of former AMCON Managing Director, Ahmed Kuru, on Monday continued to give the Special Offences Court in Ikeja, Lagos, ‘fresh insight’ into how the structure and equity of NG Eagle Airlines was set up.
EFCC Arik Case: Witness Testifies on Receiver Manager Nominee’s Role in NG Eagle Shareholding

EFCC Arik

In his testimony, Kaltungo testified that this arrangement entails the Receiver Manager’s nominee having a shareholding arrangement of NG Eagle of “one unit within a billion-share structure,” as part of the findings that emerged during the Economic and Financial Crimes Commission’s investigation.
The development surfaced as EFCC Investigative Officer, Bawa Usman Kaltungo, continued his examination-in-chief led by prosecution counsel, Dr. Wahab Shittu, SAN. Kaltungo told the court that the financial trail uncovered by investigators showed how funds allegedly belonging to Arik Air Limited were unaccounted for while NG Eagle was being established.
Kaltungo also, in the course of his testimony, sought to mislead the Court to believe that the 1st Defendant sold NG Eagle shares solely and unilaterally as a Receiver holding majority shares in NG Eagle, when in fact he is just a nominee with a single unit of share, as AMCON, the corporation that appointed him, holds majority shares in NG Eagle.
Even though his testimonies were made with the support of a few documents admitted in evidence, Kaltungo still was not able to establish a nexus of any act of omission on the part of the accused persons to establish fraud or crime in the management of Arik’s loan.
Kuru is standing trial alongside Kamilu Alaba Omokide, Captain Roy Ilegbodu, Union Bank Plc, and Super Bravo Limited before Justice Mojisola Dada. According to the witness, the statement of Arik’s former Chief Financial Officer, Mr. Jonathan Sani, detailed how the defendants allegedly moved N4.5 billion from Arik to fund NG Eagle, an airline he said was controlled by the defendants. He further testified that Omokide and Ilegbodu allegedly worked with Kuru to funnel a total of N4.9 billion from Arik’s coffers to manage and fund operations of the new airline.
Kaltungo added that beyond the cash transfers, Arik staff were also moved to NG Eagle even though the new airline was set up while Kuru was still AMCON MD, and Omokide served as AMCON’s Receiver Manager. He said salary payments and operational expenses for the newly formed NG Eagle were borne by Arik Air Limited.
During proceedings, the court admitted a CTC of an ex parte order, which the prosecution termed as the only document authorizing the appointment of the RM over Arik and marked the same as P17, along with other exhibits—P18, P25, P26, P44, and P45—including. photographs and videos in a flash drive containing footage of alleged vandalised aircraft were played in court, but the Prosecution again failed to establish a nexus as to whether those aircraft indeed belonged to Arik.
Meanwhile, counsel for the second and third defendants applied for the release of their clients’ passports for renewal and medical purposes. Justice Dada granted the requests on the condition that the documents be returned to the court registry no later than January 2, 2026.
The matter was thereafter adjourned to February 25 and 26, 2026, for continuation of the trial and Examination-in-Chief of PW4

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NIPR Postpones Maiden PRICE Awards to January 25, 2026

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Nigerian Institute of Public Relations (NIPR) has announced the postponement of its maiden annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes to January 25, 2026.

NIPR Postpones Maiden PRICE Awards to January 25, 2026

NIPR

The event, earlier scheduled for December 7, 2025, was deferred to accommodate stakeholders whose observance of Christmas festivities had commenced earlier than expected.

Chairman of the Organising Committee, Mr. Israel Opayemi, urged stakeholders to note the new date and prepare to participate in the ceremony.

He said the awards would motivate professionals, practitioners and scholars, while enhancing Nigeria’s global competitiveness in the public relations ecosystem and strengthening brand equity for all stakeholders.

Opayemi reaffirmed the Committee’s commitment to delivering a best-in-class award administration and ceremony, describing the PRICE Awards as a credible and enduring platform to identify, celebrate and elevate outstanding individuals, campaigns and organisations shaping the public relations landscape across sectors.

The development of the PRICE Awards peaked in September 2025 when the NIPR President and Chairman, Council, Dr. Ike Neliaku, inaugurated a 12-man committee to organise the maiden edition. The inauguration followed the Council’s adoption of the report of a technical team tasked with establishing the awards.


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Netflix Seals $82.7bn Deal to Acquire Warner Bros., HBO Max

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Netflix has announced a landmark agreement to acquire Warner Bros. and HBO Max in a transaction valued at $82.7 billion, a move analysts say will reshape the global entertainment industry.

Netflix Seals $82.7bn Deal to Acquire Warner Bros., HBO Max

Netflix

The deal, which includes Warner Bros.’ film and television studios, HBO, HBO Max, and Warner Bros. Games, was unanimously approved by the boards of both companies. Under the terms, Warner Bros. Discovery (WBD) shareholders will receive $23.25 in cash and $4.50 in Netflix shares for each WBD share.

Netflix co-CEO Ted Sarandos described the acquisition as “a defining moment” for the streaming giant, noting that the company intends to maintain Warner Bros.’ current operations while expanding its production capacity.

“By combining Warner Bros.’ incredible library of shows and movies with Netflix’s culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling,” Sarandos said.

The transaction is expected to close within 12 to 18 months, following the planned spin-off of WBD’s TV networks division, Discovery Global, in 2026. Netflix projects annual cost savings of $2–3 billion by the third year after completion and expects the deal to be accretive to earnings per share by year two.

Industry groups, including the Directors Guild of America and Cinema United, have raised concerns about the impact on movie theaters, while regulators are expected to scrutinize the deal over antitrust issues. Netflix has pledged to continue supporting theatrical releases, with Warner Bros.’ cinema commitments running through 2029.

Warner Bros. Discovery CEO David Zaslav hailed the agreement, saying it “combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love.”

Observers note that the acquisition comes 15 years after former Time Warner chief Jeff Bewkes dismissed Netflix as “the Albanian army,” underscoring the dramatic shift in the entertainment landscape.


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