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

Ex-NANS Leader Comrade Miaphen Mourns 8 UNIJOS Students Killed in Jos Road Accident

By Israel Adamu, JosFormer Acting President of the National...

Gbede APC Leaders Endorse Hon. Salman Idris for Second Term in House of Representatives

By Noah Ocheni, Lokoja Leaders of the All Progressives Congress...

Eight University of Jos Students Killed in Road Crash in Plateau State

By Israel Adamu, JosEight students of the University of...

Nigeria, UN OCHA Strengthen Partnership to Boost Local Humanitarian Leadership

By Israel Adamu, JosNigeria and the United Nations Office...

Ona Abaji Hail Tinubu- Wike’s FCT Developmental Feat

By Joyce Remi-BabayejuThe Ona of Abaji, Dr. Baba Yunusa...

NYSC Members Urged to Be Good Ambassadors at Delta State Batch ‘C’ Closing Ceremony

By Anne AzukaMembers of the National Youth Service Corps...

International Human Rights Day 2025: Renewing the Call to Protect Human Dignity

By Debo AdeniranOn this year’s International Human Rights Day,...

Related Articles

Popular Categories

spot_imgspot_img