FCDA to shut Glo Offices in 7 days over N1.3bn debt

The Federal Capital Development Authority (FCDA), has threatened to seal off all Globacom Nigeria Limited offices in the nation’s capital over non-payment of over N1.3bn telecommunication duct debt.

Accordingly, the Authority has issued a 7-day ultimatum to the telecom firm to comply with the payment or risk business and switch premises being sealed up.

Addressing journalists during a visit to some of the telecommunication’s critical infrastructures, the Chairman, Finance and General Purpose Committee of the 7th FCDA board, Hussaini Monguno, said the move was part of the effort to recover the over the N7.8bn debt owed by several telecommunication companies to FCDA.

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Monguno, said that since the commencement of full liberalization of the Telecommunication duct network in 2004 Globacom has never complied with the payment of the lease agreement.

He also added that although, other telecommunication companies have responded positively, Globacom Nigeria Limited has failed to show any commitment.

He said, “When we were sworn into this board, the minister find it necessary to constitute a committee for debt recovery. When the committee was constituted.

“There are about N7.8bn or thereabout debt, being owed to FCDA by different telecommunication companies, we wrote them a letter. We invited them to come and either accept or disagree with the billing system because FCDA has a very good billing system.

“Some of them actually paid. As I speak now, MTN is actually on credit, and several others have payed, but the case of Glo is quite different. They have never responded and they are the highest debtors of N1.3bn.