x

Telecom Giant Allegedly Pays N154 Billion License Renewal Debt to FG

By Daniel Edu

The founder and owner of the telecommunications giant, Globacom Limited, Mike Adenuga, has reportedly paid N154 billion to the federal government as part of its N200 billion spectrum license renewal debt.

This payment comes amid allegations of impropriety and influence within the Nigerian Communications Commission (NCC). On September 21, SaharaReporters accused Adenuga of compromising the Executive Vice Chairman of the NCC, Prof. Umar Garba Danbatta, with bribes and promises of presidential intervention to secure his two-year term.

However, on Wednesday, SaharaReporters claimed that a reliable source has confirmed Adenuga’s payment of N154 billion for the license renewal fees.

The source said, “After SaharaReporters reported on Globacom, which broke the back of the horse, Mike Adenuga has paid the government N154 billion with the remaining outstanding to be paid.”

The same source also indicated that Danbatta, the NCC boss, is expected to leave his current position in the coming days.

Another source within the presidential villa alleged that Danbatta had offered favors, including bulletproof cars and cash, to individuals close to the Aso Villa to secure his position. The source also raised questions about Danbatta’s handling of Glo’s debt, noting that he only threatened to suspend regulatory services to the telecom company when the presidency became aware of his alleged misdeeds.

Furthermore, the report mentions that Danbatta, in August, reportedly tricked the current Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, into signing off on a spectrum license trade that violated the one-year operating requirement. Additionally, Danbatta’s son allegedly lobbied for his father’s favor with Seyi Tinubu, the son of President Bola Tinubu.

It’s important to note that the telecommunications industry in Nigeria has been subject to scrutiny and regulatory actions in recent times, with various controversies and disputes involving major players like Globacom.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Rivers: CHRAN, Nwoko lampoon Tinubu over SOE

By Ogenyi Ogenyi,UyoThe Center For Human Rights and Accountability...

Ibom Air announced as Title Sponsor for  Inaugural Ibom Captain’s Day Golf Tournament

By Ogenyi Ogenyi, UyoIbom Air has announced its partnership...

Tinubu flags off construction of Nsik Oil and Gas’ CNG mother station  in A’ Ibom 

By Ogenyi Ogenyi, Uyo President Bola Tinubu has flagged off...

Black Wednesday: Petrol tanker explosion kills many in Abuja

By Joyce Remi-BabayejuIt was a black Wednesday evening in...

‘We Will Engage Relevant Institutions to Protect Democracy’ -Fubara

By Joyce BabayejuEmbattled Rivers State Governor, Siminalayi Fubara has...

Gishiri: Wike gives FCT official One-Week ultimate to re-allocate displaced people

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike again...

FCTA fights malaria, distributes free drugs

By Joyce Remi-BabayejuIn a bid to fight the prevalence...

Wike calls for partnership with China on Agric, IT

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img