Tuesday, October 4, 2022

NBC Shuts AIT, STV And Other Media Firms Over N2.6bn Debt

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The National Broadcasting Commission, NBC on Friday, directed African Independent TV and Silverbird Television and the broadcasting corporations run by different state governments to shut down their operations within the next 24 hours over debts amounting to at least N2.6bn.

National Broadcast Commission NBC KOKO TV NG

The Director-General of the NBC, Balarabe Ilelah, made this known to journalists at the commission’s headquarters in Abuja on Friday, August 19th 2022.

READ ALSO: NBC Grants TV Broadcast License To NYSC

He noted that the stations owe a total of N2.6bn; adding that some of the stations affected have not renewed their licences since 2015. According to the Broadcasting body, all the television and radio stations affected must halt operations in the next 24 hours. He added;

“This is the first batch, there are those who have not renewed their licence since 2015, 2016 and 2017. We are asking them to come and pay their licence fees,”

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READ ALSO: Buhari Has Ordered NBC To Suspend Channels TV License Over Ortom And Olawunmi’s Interview – Sowore Alleges

He warned that all stations that have not renewed their licences should do so in 30 days to avoid sanction.

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Photo Credit: Getty

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