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

North-West Security Summit: Gov. Uba Sani, Defence Minister Outline Strategies to Tackle Insecurity

By Achadu Gabriel, KadunaKey stakeholders from government, defence,...

Yargwa Fires Back at APC Nasarawa, Says Defection to ADC Is “Conviction, Not Desperation”

From Abel Zwanke, LafiaFormer Commissioner for Youth and Sports...

JUST-IN: Tinubu Nominates Ex-CDS Christopher Musa As New Defence Minister

President Bola Tinubu has nominated former Chief of Defence...

FG Presents N54.43tn 2026 Budget as Debt Service Hits N15.91tn

The Federal Government has proposed total revenue of N50.74tn...

UK-Based Energy Watchdog Commends Komolafe for Setting Global Benchmark in NUPRC’s $10bn Licensing Round

A UK-based energy watchdog, the Global Energy Transparency Initiative...

Tinubu Reaffirms Engineering-Led Development as NSE Honours Goronyo with Fellowship

By Jabiru HassanPresident Bola Ahmed Tinubu has reaffirmed his...

SELI Commissions Educational Playgrounds to Enhance Learning for 500 Children in Plateau

By Israel Adamu, JosThe Star Educational Leadership Initiative (SELI)...

Kaduna Highlights 15% Health Budget Milestone at #OpenKaduna Health Sector Policy Dialogue

By Achadu Gabriel, KadunaKaduna State hosted policymakers, traditional...

Tinubu to Honour NDDC MD Samuel Ogbuku With National Excellence Award

By Amgbare Ekaunkumo, YenagoaPresident Bola Ahmed Tinubu is...

Chinese Ambassador Meets ECOWAS President, Reaffirms Beijing’s Support for West Africa

China has reaffirmed its commitment to strengthening cooperation with...

FG Presents N54.43tn 2026 Budget as Debt Service Hits N15.91tn

The Federal Government has proposed total revenue of N50.74tn...

BREAKING: Tinubu Nominates Ex-Rivers Administrator Ibas, Dambazau, Others as Ambassadors

President Bola Tinubu has submitted another set of non-career...

Over 70% of Tinubu’s Current Team Once Opposed Him — Presidential Aide

Special Adviser to President Bola Tinubu on Policy Communication,...

Related Articles

Popular Categories

spot_imgspot_img