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N2.6bn debts: NBC extends deadline to shutdown AIT, Silverbird, 51 other stations

Farouk Mohammed
By Farouk Mohammed
Published: August 21, 2022
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The National Broadcasting Commission (NBC) has asked African Independent Television (AIT), Silverbird Television (STV), and 50 other television and radio stations to pay their debts before Tuesday, August 23, 2022.

This was contained in a notice of extension issued by NBC on Saturday following the “intervention of concerned groups” and “visible” efforts by some of the defaulting stations to clear their arrears.

“Following intervention of concerned groups and visible concerted efforts by some defaulting Licensees to offset their debts, the National Broadcasting Commission hereby serves this notice of an extension of the deadline to shut down to 6.00 PM on Tuesday, August 23, 2022,” the statement reads.

Okay.ng recalls that NBC on Friday revoked the licenses of 53 broadcast stations over mounting debt amounting to N2.6 billion.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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