News

N2.6bn debt: NBC closes AIT, Silverbird, others

The broadcast licences of AIT, Silverbird, Raypower FM, Rythm FM, and others have been revoked by the National Broadcasting Commission over a debt of around N2.6bn.

NBC’s Director-General, Mallam Balarabe Shehu, made the disclosure on Friday, stating the media houses failed to renew their broadcast licence.

Balarabe has directed the state officials of NBC to work with security agencies, to shut down operations in the media houses within the next 24 hours.

“Three months after the publication, some licensees are yet to pay their outstanding debts, in contravention of the National Broadcasting Commission Act CAP N11, Laws of the Federation of Nigeria, 2004, particularly section 10(a) of the third schedule of the Act,” the NBC said in a statement.

“Therefore, after due consideration, NBC hereby announces the revocation of the licenses of the…stations and gives them 24 hours to shut down their operations. Our offices nationwide are hereby directed to collaborate with security agencies to ensure immediate compliance.”

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button