The National Broadcasting Commission (NBC) has revoked the licenses of the AIT/Ray Power FM (DAAR Communication L.td., Silverbird TV Network and 50 others stations over N2.6 billion debt.
The Director-General of NBC, Malam Balarabe Ilelah, who made the disclosure at a news conference on Friday, August 18, in Abuja, ordered the affected stations to shutdown in the next 24 hours.
Ilelah directed NBC offices nationwide to collaborate with the security agencies to ensure immediate compliance.
He explained that in May 2022, the commission published in the national dailies, the list of licensees that that are indebted to NBC, granted them two weeks to renew their licenses and pay their debts or consider their licenses revoked, frequencies withdrawn.
Three months after the publication, some licensees are yet to pay their outstanding debts, in contravention of the NBC Act CAP N11, laws of the Federation of Nigeria, 2004, particularly section 10 (a) of the third schedule of the Act.
In view of this development, the continued operation of the debtor stations is illegal and constitutes a threat to national security.
T.fore, after due consideration, the NBC .by announces the revocation of the licenses of the under-listed stations and give them 24 hours to shutdown their operations.
The D-G said that the other stations affected were Zuma FM, Suleja, Niger State, Bomay Broadcasting Service L.td., Kogi, Kwara, Niger, Gombe, Lagos, Osun, Ogun, Ondo and Rivers States Broadcasting Corporations and Stations.