NCC remits N133.4b to federation account in two years

Over N133.4billion has been remitted by the Nigerian Communications Commission (NCC) into the federation account in the last two years.

A document by the NCC Director of Public Affairs Tony Ojobo, revealed this yesterday.Ojobo said the commission remitted over N23 million in October 2015, after an initial remittance of N6, 856,182,132 in September of the same year.

He added that the commission’s last remittance to the consolidated revenue fund, which was on June 30, 2017 was N12, 705,154,120 and came less than 10 days after the NCC had remitted the sum of N1, 282,453,138 to the account.

Also, the NCC last year, transferred N20, 000,598,873 and another N15million in March before remitting N29, 475,867,407 and N16, 500,000,000 in December 2016.

The Executive Vice Chairman and Chief Executive Officer of the commission, Prof. Umar Garba Danbatta, had recently disclosed that the sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the second quarter of 2017, representing 6.68 per cent increase from the first quarter of the year.The Guardian leant that some of the remitted funds were realised from the sales of various spectrum and licenses renewals.