Executive Vice Chairman, Nigerian Communications Commission, Umar Danbatta, yesterday said the NCC had generated over $500m through the recent 5G Spectrum auction.
He disclosed this to the House of Representatives Ad-hoc Committee investigating the overlapping mandates of agencies.
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He also said NCC was set to deploy technology to verify revenues and levies payments by telecommunication service providers.
“We have records available to show that we’ve been contributing a lot to the coffers of government and a very good example was when we did that successful 5G auction. The proceeds from the auction go to the coffers of government.
“We don’t normally take anything. It’s gazetted that whatever we sell spectrum, we do not keep the money, we normally transfer this money to the Consolidated Revenue Fund of government,” he said.
The chairman of the committee, Victor Danzaria, said there is no use having many agencies with so many Director-Generals that do not deliver the required services to Nigerians.
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