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

Kaduna Approves N4bn for Pensioners, Gratuities, Death Benefits

By Achadu Gabriel, KadunaThe has approved the release of...

FCT NUT Strike Disrupts School Resumption Ahead of WAEC Exams

By Joyce Remi-BabayejuSchool resumption across the Federal Capital Territory...

Dantsoho Lauds Oyetola over Reforms, Transformaion of Maritime Sector

… Tips Nigeria as Leader of Africa's Blue EconomyBy...

2027: Group Endorses Agabi for Nasarawa Assembly Seat

A retired Assistant Commissioner of Police, Mailafiya Yakubu Agabi,...

Don Jazzy Uses ‘Butter Ice Cream Cake’ Analogy to Discuss Modern Marriage Trends

Nigerian music executive Michael Ajereh, popularly known as Don...

Abia Establishes Rehabilitation Centre for Rape, GBV Survivors as Otti Signs Law

Abia State Governor, Alex Otti, has signed into law...

APC fixes primaries, pegs presidential form at ₦100m

The All Progressives Congress has released its timetable for...

Amagbein Distances Self From Alleged Plot To Disrupt Pro-Tinubu Campaigns Over Pipeline Surveillance

By Our CorrespondentNiger Delta ex-agitator, self-styled General Endurance Amagbein,...

FCT NUT Strike Disrupts School Resumption Ahead of WAEC Exams

By Joyce Remi-BabayejuSchool resumption across the Federal Capital Territory...

Borno: Bandits allegedly blocked Buratai, Damaturu road, abducted 30 Wednesday 

By Achadu Gabriel, Kaduna Bandits suspected to be Boko Haram...

IHR Applauds Kebbi pilgrims Board For Early Flight Manifest Release, Urges Others To Follow Suit.

By Jabiru Hassan.A faith-based civil society organisation, Independent...

Related Articles

Popular Categories

spot_imgspot_img