NBC Scam: Zinox refutes links to allegations of wrongdoing

The Management of Zinox Technologies Limited has faulted a report linking it to the illegal lodgement of proceeds of the sale of broadband spectrum to telecommunication giants, MTN by the Nigerian Broadcasting Commission (NBC). Zinox in a statement said the report had it that NBC received the sum of N34.1 billion on July 28, 2015 […]

The Management of Zinox Technologies Limited has faulted a report linking it to the illegal lodgement of proceeds of the sale of broadband spectrum to telecommunication giants, MTN by the Nigerian Broadcasting Commission (NBC).
Zinox in a statement said the report had it that NBC received the sum of N34.1 billion on July 28, 2015 from MTN as proceeds of lease of broadband spectrum bandwidth licensed to MTN by the commission, a controversial deal which has met with stiff disapproval from other telecoms players in Nigeria.
The report had gone on to state that the Economic and Financial Crimes Commission (EFCC) had commenced investigation into the matter after top officials of the NBC had reportedly diverted N10 billion out of the sum received to four companies which the NBC allegedly gave contracts without bidding. In his reaction to the publication, Company Secretary and Legal Adviser, Zinox Technologies Ltd., Barr. Chris Eze Ozims described the allegation as the handiwork of hatchet-men eager to rubbish the company’s hard-earned and long-standing reputation for integrity.