1. Home
  2. Big
  3. Story
  4. Digital Dividend Spectrum: No link with any ‘scam’, Zinox says

Digital Dividend Spectrum: No link with any ‘scam’, Zinox says

Digital Dividend Spectrum: No link with any ‘scam’, Zinox says


Zinox Technologies Limited today denied a newspaper report that linked the Nigerian technology company with alleged illegal lodgement of proceeds from Digital Dividend spectrum sold by the Nigerian Broadcasting Commission (NBC) to MTN Nigeria.

Zinox, speaking through its lawyer in a press statement sent to Technology Times said that the newspaper report says the NBC had 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 broadcast industry regulator.

Zinox, the Nigerian technology company owned by Leo Stan Ekeh, also said that it is yet to be paid for the contract legitimately won by his company.

“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”, according to the Zinox statement

Barrister Chris Eze Ozims, Company Secretary and Legal Adviser of Zinox, was credited in the company statement to have described “the allegation as the handiwork of hatchet-men eager to rubbish the company’s hard-earned and long-standing reputation for integrity.”

The technology company’s Company Secretary adds that, “Zinox was not paid a kobo by the NBC. We are indeed shocked to read from Vanguard Newspapers that Zinox Technologies Limited was one of the companies the NBC paid cash to.”

According to Zinox, “We wish to make it clear that till date, we are yet to receive a kobo from the NBC for duly approved contracts which we executed. As a strong technology company with credible capacity and advanced competencies, we had participated in a bid process for the NBC license for supply of Set-Top boxes for the digital rollover. We were successfully pre-qualified and had paid N50 million to the NBC for the license. Thereafter, we were invited to bid alongside other companies and we won and were awarded a contract to supply 150,000 units of the boxes.”

Ozims further says that, “Till date, a single kobo has not been released to us for the supply of the items. The Federal Government of Nigeria, the NBC and even the EFCC are fully aware of this. It is, therefore, embarrassing to the Management of the company and our local and global partners to have our names linked to any breach of due process at the NBC.”

Zinox lawyer says the technology company “will not hesitate to consider legal avenues of seeking redress for the malicious and unsubstantiated claims.”

There's joy in sharing
Technology Times Staff News and Reports from Technology Times Newsroom. Call/SMS/ WhatsApp: +234 815 7000 100

We want to hear from you...