NBC extends debt ultimatum to broadcasters by 3 months

7 April 2017

Regulation & Policy

Nigeria Broadcasting Commission (NBC) has extended the ultimatum for broadcasting organisations to offset their debt to the regulatory agency, reports CommunicationsWeek. NBC had given the stations until the end of March to pay or risk being been closed down. On 31 March, it decided to extend the deadline by three months until 30 June.

Mallam Is'haq Modibo Kawu, NBC Director General, said the decision was reached with the leadership of the Broadcasting Organisation of Nigeria (BON), the umbrella body for all licensed stations. By the end of June, they must conclude discussions with the NBC on their payment plans, including a firm commitment to pay these monies within the three months by 30 June.

Kawu also said that the commission in the new month will issue the statement of accounts of all the stations. He said this would help them to know their financial status and reconcile their books. He added that the commission was ready to close down stations.

He said that since the 31 March deadline, some broadcasters have commenced payment, while others have come forward to make enquiries about their indebtedness. Kawu said the commission will be working closely with all the licensed stations to ensure monies owed them are paid on time.
Source: The Nation 3 April 2017