Globacom Limited has gained a clean bill of health after successfully clearing its outstanding debts to the nation’s apex regulatory body, the Nigerian Communication Commission (NCC) to regain its licensing rights to provide unhindered services to its teeming subscribers.
This was disclosed by the NCC management in a press release in Abuja which said that the outstanding debt obligations to the regulatory body covered unpaid Spectrum Fees, Numbering Fees and Annual Operating Levy (AOL). No mention was however made of the exact figure.
The development was reported under the tenure of the immediate past Executive Vice Chairman and Chief Executive Officer, Professor Umar Dambatta before his replacement last week with Dr. Aminu Maida by President Bola Ahmed Tinubu.
The press release also said that the commission had stepped down its planned enforcement action against Globacom over its breach of extant regulations by failing to pay its debts despite several demand notices.
Before the latest development, NCC had temporarily withdrawn the suspension of its regulatory services to Globacom, in a letter dated May 22, entitled; “Re: Continuous Breach of Commission’s Laws and Regulations.”
The suspension of regulatory services to Globacom was automatically reinstated, after it failed to meet the conditions for the earlier withdrawal.
