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

2027: ACF to Regulate Officials’ Communication with Media, Public

By Achadu Gabriel, KadunaThe Northern socio-cultural organization, Arewa Consultative...

Governor Ododo Congratulates Prof. Joash Amupitan SAN on His Appointment as INEC Chairman

By Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed Usman...

Protest Rocks Kaduna Over Alleged Oil Cartels Sabotaging Local Refining

By Achadu Gabriel, KadunaProtesters under the banner of Partners...

NCDMB Strengthens Local Content With New Certification System

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Tinubu Commends Governor Ododo for Upholding Sound Governance and Financial Discipline

By Noah Ocheni, AbujaPresident Bola Ahmed Tinubu has commended...

Federal University Lokoja to Graduate 5,051 Students at 9th Convocation Ceremony

By Noah Ocheni, LokojaThe Federal University Lokoja (FUL) will...

Plateau APC Youths Commend Prof. Nentawe’s Humanitarian Initiatives

By Israel Adamu, JosThe All Progressives Congress (APC) Youth...

Delta APC Passes Confidence Vote, Endorses Tinubu, Oborevwori for 2027 Elections

By Anne AzukaThe All Progressives Congress (APC) in Delta...

Manchester United Facing ‘Crisis’ Fears Amid Fresh Uncertainty Over Ruben Amorim’s Future

Manchester United are reportedly edging toward another managerial crisis...

Related Articles

Popular Categories

spot_imgspot_img