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

Gov Oborevwori, Service Commanders, Others Honour Nigeria’s Fallen Heroes

By Anne AzukaActivities marking the 2026 Armed Forces...

zo

https://us06web.zoom.us/j/82762754392?pwd=BYn1nn3DnoomBtNaGZ0V7d5Q6bybTL.1

Prof. Ogbo Advocates Death Penalty for Corruption in Nigeria, Calls for Constitutional Reform

From Noah Ocheni, LokojaA former university administrator, Professor Salisu...

Olukoyede Tasks NWDC Boss on Regional Development, Accountability

By Francis WilfredThe Executive Chairman of...

South-South Set for Blue Tourism Revival as ATPN Unveils Regional Development Plan

The Association of Tourism Practitioners of Nigeria (ATPN) has...

Abia 2027: Otti Dismisses Opposition Threats, Vows Focus on Governance

By Okechukwu Keshi UkegbuAbia State Governor, Alex Otti, has...

Bayelsa Police Arrest Key Suspect in Kidnapping of High Court Judge Omukoro

The Bayelsa State Police Command has arrested a key...

FG Seeks Appeal Against Court Order to Investigate Attacks on Journalists in Nigeria

By Achadu Gabriel, KadunaThe Federal Government has applied to...

Ododo Urges Nigerian Army to Be Proactive, Focused at 12 Brigade WASA in Kogi

From Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed...

My government remains focused- Gov. Otti

By Okechukwu Keshi UkegbuGovernor of...

Nephew Linked to Kano Family Massacre as Residents Recount Horror

Fresh details have emerged over the gruesome killing of...

Tinubu Orders Probe into Killing of Woman And Six Children in Kano

President Bola Tinubu has ordered a comprehensive investigation into...

Related Articles

Popular Categories

spot_imgspot_img