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

Monday, 24 November 2025

Premier League21:00 CET Man UtdvEvertonSerie A18:30 CET TorinovComo 20:45...

Plateau Government Completes Preparations for 2025 Unity Christmas Carols and Praise Festival

By Israel Adamu, JosThe Plateau State Government has finalized...

The Role of African Media in Shaping Perceptions of the Gaza Conflict

Anita Chidiogo IchekaThe Gaza conflict has once again forced...

Court Bars Police, IGP From Harassing Owners of Nestoil Premises

A Federal High Court in Abuja has restrained the...

NYSC DG Urges Delta Corps Members to Respect Host Community Culture, Embrace Skills Training

By Anne AzukaThe Director-General of the National Youth Service...

After 27 Years, Kaduna Engineer Wins Legal Battle Against KDSG Agency, Recovers Property

By Achadu Gabriel, KadunaA Kaduna-based engineer, Augustine Aneke, has...

Kogi Governor Ododo Unveils Tough New Security Measures to Tackle Rising Criminal Threats

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

Bayelsa Government Announces Movement Restriction for Monthly Environmental Sanitation on Saturday

By Amgbare Ekaunkumo, YenagoaThe Bayelsa State Environmental Sanitation...

Wike Terminates Re-Awards Delayed Apo-Karshi Road Projects 14 Years Later

By Joyce Remi-BabayejuThe FCT Minister Barr. Nyesom Wike has...

Court Bars Police, IGP From Harassing Owners of Nestoil Premises

A Federal High Court in Abuja has restrained the...

Pius Akutah’s Alleged Fraud at Nigerian Shippers Council Uncovered

Investigations by Nigerian Concord Newspaper reveal that the Executive...

Related Articles

Popular Categories

spot_imgspot_img