The Nigerian Communications Commission said it remitted N70 billon into the Federation Account in the last one year.
“This is in addition to the N30 billion paid by MTN Nigeria as a part payment of the N330 billion fine slammed on it by the commission.
Mr Yakubu Musa, Special Assistant on Media to the chief executive of the commission, made this known in a statement released in Abuja on Monday.
It also said the NCC won the European Award for Best Practices 2016.
The Federation Accounts Allocation Committee (FAAC) has disclosed that the Nigerian National Petroleum Corporation (NNPC) is indebted to it to the tune of N5 trillion over the last five years.
The debt, according to FAAC, was incurred between January 2011 and April 2016 and represents the outstanding gross revenue from the sales of domestic crude, which were not remitted to the federation account, but withheld by the national oil corporation.
The latest figure on NNPC’s indebtedness to FAAC is contained in the […]