News
N2.5bn Payment To Pinnacle Justified -NBC
Malam Is’haq Kawu Modibbo, Director-General, National Broadcasting Commission (NBC) says the N2.5 billion paid to Pinnacle Communications Ltd, is justifiable. Modibbo stated this in Abuja yesterday while reacting to a query by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over the payment.
Mallam Modibbo Kawu, DG NBC Pinnacle Ltd. is the second licensed signal distributor for digital switchover in Nigeria. Modibbo said the White Paper on Digital Switchover (DSO) stipulated that NBC should provide a platform for the second signal distributor because the first signal distributor had facilities all over the country.
“The white paper says the second signal distributor is coming in with a disadvantage, so the NBC should provide a level playing field to ensure that a signal distributor carryout the process successfully. “This is the context in which the payment was made and we did not only pay just a signal distributor.
“NBC paid N2.5 billion to pinnacle communication for facilitating digitisation in Abuja, Kaduna and other parts of the country as the work progressed. “NBC paid the first national signal distributor, Integrated-Television-Services (ITS) N1.7 billion and as at the time the money was paid, the exchange rate of naira to a dollar was about N167. “When we paid Pinnacle in 2017, the dollar exchange for naira was N380.
“So if you look at N2.5 billion and N1.7 billion in terms of the amount of money paid, the exchange rate had affected the payment so it was not as if we just threw money at them.
All those things were measured,” he said. He said that when the Federal Government released N10 billion to NBC, it came with a directive that the money should be used for the digital switchover process and supervised by the Minister of Information and Culture.
According to him, every payment that NBC made in the context of the digital switchover got approval from the Minister.
“We paid the signal distributors, Set Top Box manufacturers, content aggregators, we have partly paid the set light provider and we partly paid the people who are doing the call centre.
“To activate the box, you have to make certain calls to the centre and we have call agents who work for NBC on 24 hour basis and we pay them through the company,” he said. Modibbo also said that NBC spent money to train its staff and some members of the National Assembly on the digital switchover as well as other stakeholders.
Modibbo explained that Pinnacle got the license after an open bidding process that was broadcast on television, two years before he came to the NBC. He said the company has contributed immensely to the success of digitisation more than any other signal distributor in the country.
“Pinnacle has been the single largest contributor because they paid a license fee of N680 million to the NBC,” he added.
News
Independence Anniversary: Nigeria Is A Failed Grandfather – Monarch
A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.
The monarch stated this in an interview at his palace in Ikuru Town, yesterday.
According to him, Nigeria would have been a developed country to set the pace in the whole of Africa, considering its numerous resources.
“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.
“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.
“If we’re able to harness all the things we have, even America by now would have respected us”, he said.
While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.
King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so far.
He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.
“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.
“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.
The monarch used the opportunity to wish Nigeria happy independence anniversary.
By: Enoch Epelle
News
FG begins payment of N32,000 pension increment to retirees – PTAD
The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.
In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.
Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.
The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.
The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.
In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.
The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.
“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.
“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”
The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.
It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.
The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.
“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.
The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.
Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.
News
Nigeria At 65: NOA urges citizens to foster unity, progress
The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the nation as it celebrates 65th independence anniversary.
Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom, gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.
Mkpoutom said it was essential to recognise that the strength of Nigeria lay in its diversity
“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.
“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.
“As Akwa Ibom embarks on another year, it is crucial for all citizens to foster a sense of unity and shared purpose.
“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving way for a brighter future for all.”
The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.
“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.
He urged everyone to contribute positively to the development of a better society.
Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.
-
Sports2 days ago
Ezeji Urge NFF To Investigate Igenewari George’s death
-
Niger Delta2 days ago
D’Gov Hails Amananaowei-Elect, Ogboloma Chiefs Council …Wants Accountability, Transparency In Traditional Administration
-
News13 hours ago
ECOWAS Parliament adopts $26m 2026 budget, announces 25th anniversary plans
-
Sports2 days ago
Group Plan To Discover Africa next football stars
-
News2 days ago
Make in Nigeria conferences and Exhibitions; PHCCIMA, others laud organisers for boosting SMES
-
Sports9 hours ago
Alarm Bell Raised Over Conditions At 2026 W/Cup
-
Oil & Energy2 days ago
“PENGASSAN Orders Halt Of Gas Supply To Dangote Refinery
-
Education2 days ago
Students Eulogises PGSA Leadership Role in RSU dev