BusinessTrending Story

Glo faces disconnection over unpaid N1billion debt

52

The Federal Capital Development Authority, FCDA, has threatened to pull the plug on Mobile Communication giants, Globacom, over an outstanding N1 billion debt, sparking new fears of a shutdown of phone and internet signals in the nation’s capital.

This newspaper gathered that the FCDA is poised for a showdown with GLO, described by officials as a major debtor, just as the mobile company face mass disconnection in the days ahead.

The threat is very real that the FCDA have run out of patience,” an official is quoted as saying Thursday in Abuja.

According to findings from the authority, officials were concerned with Glo’s failure to pay for the use of communication ducts. The ducting effect often results in signals reaching places that are beyond the horizon with improved signal strengths.

FCDA said for months, they had been groaning under severe constraints because of unpaid debts from Globacom.

The FCDA, which put the total debt at over N1 billion, also accused Glo of failing to pay up their bills.

Leave a comment

Related Articles

From gym buddies to dinner dates: Ninalowo, Adedamee’s romance takes centre stage

The entertainment industry is currently abuzz with the news of actor Bolanle...

Tinubu returns to Abuja after COP28 in Dubai

The President, while in Dubai, had witnessed the signing of an accelerated...

Afrobeats is ours but we must attract foreign investment with it or lose out totally – Daréy Art-Alade

Dare Art Alade, popularly known as Darey, has reflected on the soaring...

Army Chief Lagbaja visits Kaduna after military drone killed 85 villagers

The Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja on Tuesday visited Kaduna...

Tinubu orders full-scale investigation into Kaduna village bombing

President Bola Tinubu has ordered a full- scale investigation into the bombing...

Portable meets Skepta, Tiwa Savage in UK, hints on collaboration

Street sensation, Portable, is basking in the glory of his musical journey...

Nigeria’s delegation to COP28 in Dubai is 422, not 1,411 – Information Minister

The Federal Government has clarified that its delegates to the ongoing Convention...

Bombing of Kaduna villagers: Nigerian Army has admitted it’s an error – Kaduna Govt

The Nigerian Army has claimed responsibility for dropping a bomb on Tudun...

Asake opens up: Love of money propels pursuit of my career

Music sensation and Grammy Award nominee, Asake, has candidly shared insights into...

It is unfair to assume all actors are wayward – Olayode Juliana (Toyo Baby)

Actress, Juliana Olayode better known as Toyo Baby has ventured into motivational...

Tragedy! Three Oyo State monarchs die in road crash

  Oyo State has lost three traditional rulers in a single day...

CBN to freeze accounts without BVN,NIN from March 2024

The Central Bank of Nigeria (CBN) said on Friday that it will...

Legia Fans Set Policeman On Fire, Injure Three Others

Legia football fans set a police officer on fire and injured three...

From playful antics to YouTube stardom with ‘Iya Barakat’ character: My success story – Bimbo Ademoye

Nigerian actress, Bimbo Ademoye, has opened up on the tenacity behind her...

Dare Art Alade celebrates 17 years of love with wife, Deola

In a heartwarming celebration of love, Nigerian singer, Dare Art Alade, took...

Update on Nigeria’s military helicopter crash: NAF confirms incident, gives details

The Nigerian Air Force (NAF) has confirmed that its MI-35P helicopter crashed...

Just in: Kogi INEC Resident Commissioner Escapes Death By Hair’s Breadth

In the aftermath of the off-cycle governorship election in Kogi State with...

Breaking: Military helicopter crash lands, explodes in Port Harcourt

A Nigeria Air Force helicopter has crash landed at the NAF Base,...