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

APC Chairman Yilwatda Distributes Farm Inputs to Plateau Farmers

By Israel Adamu, JosThe National Chairman of the All...

Zawan Group Calls for Fair Political Zoning in Jos South Ahead of 2027 Elections

By Israel Adamu, JosA socio-political group, Zawan Vanguard, has...

Maktown Flyers Secure First BAL Win as Igoche Mark Urges Focus Ahead of Next Games

Nigerian basketball promoter Igoche Mark has congratulated Maktown Flyers...

Izzy Christiansen Makes Bold Arsenal Claim After Man City Go Top

Former England international and Sky Sports pundit Izzy Christiansen...

Kaduna Retirees Decry Unpaid ₦1bn Pension Arrears, Urge Governor Sani to Act on Agreement

By Achadu Gabriel, KadunaRetired Heads of Service and Permanent...

Price of aviation fuel crippling our operations- Ibom Air

By Ogenyi Ogenyi,UyoThe management of Ibom Air has called...

Nigerian Stars Shine Across Europe: Osimhen, Olayinka and Ibrahim Lead the Charge

Nigerian footballers delivered standout performances across Europe over the...

Ibom Air donates 50,000 doses of anti-malaria drugs to A’Ibom

By Ogenyi Ogenyi, UyoThe management of Ibom Airlines Limited...

Methodist Church Raises Concerns Over Insecurity, Hardship, Governance Challenges

By Achadu Gabriel, KadunaThe Methodist Church Nigeria, Diocese of...

Kogi Deepens China Partnership to Advance Agro-Industrial Programme

By Noah Ocheni, LokojaThe Kogi State Government says it...

Maktown Flyers Secure First BAL Win as Igoche Mark Urges Focus Ahead of Next Games

Nigerian basketball promoter Igoche Mark has congratulated Maktown Flyers...

FG Flags Off Construction Of Ecumenical Airport Chapel And Pilgrims Centre

By Francis WilfredThe Federal Government has performed the...

Related Articles

Popular Categories

spot_imgspot_img