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

Plateau Attacks: Gbong Gwom Suspends 2026 Nzem Berom Festival

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

Plateau Further Relaxes Curfew in Jos North to 7pm–5am

By Israel Adamu, JosThe has announced a further relaxation...

NUC Accredits 27 Courses in PAAU, Anyigba

From Noah Ocheni, LokojaThe National Universities Commission (NUC) has...

Breaking: Bandits Abduct Five in Fresh Kaduna Millennium City Attack

By Achadu Gabriel, KadunaGunmen suspected to be bandits have...

Expansion of Health Facilities Tops Tinubu’s Healthcare Agenda

By Joyce Remi- BabaejuThe Minister of State for Health...

2027: Ex-Kaduna Speaker Endorses Tinubu, Gov Sani, Declares for Senate

…Says Tinubu funded Northern governors more than predecessorsBy Achadu...

Hajj 2026: CSO Seeks Committee to Oversee Hady for Nigerian Pilgrims

By Jabiru HassanA civil society organisation, , has called...

Philanthropist Timdi Nkat to Challenge Plateau Speaker’s Fourth-Term Bid

By Israel Adamu, JosA philanthropist and businessman, , has...

Bayelsa IPAC Elects, Inaugurates New Executive Committee

The Inter-Party Advisory Council (IPAC), the umbrella body of...

Related Articles

Popular Categories

spot_imgspot_img