Categories: Business

Globacom Limited, NCC Dragged to Court Over Alleged ₦20bn Spectrum Deal Breach

Telecommunications giant Globacom Limited, the Nigerian Communications Commission (NCC) and indigenous firm Megatech Engineering Limited have been hauled before the Federal High Court in Abuja over an alleged breach of contract involving a disputed spectrum licence deal valued at more than ₦20 billion.

The suit was filed by Mosakab Nigeria Limited and its promoter, Mashood Mustapha, who accuse the defendants of unlawfully breaching a consultancy agreement tied to the acquisition and subsequent sale of a 2.6GHz spectrum licence.

In the case, marked FHC/ABJ/CS/1534/2024, the plaintiffs are asking the court to nullify the sale of the spectrum licence from Megatech to Glo, alleging that the transaction was “tainted by fraud and illegality.”

Megatech Engineering Limited, Glo Mobile Limited and the NCC are listed as the first, second and third defendants respectively.

Court filings show that the plaintiffs, represented by George Ibrahim, SAN, of the law firm Ogwu James Onoja, SAN & Co, are also seeking an order compelling Megatech to honour a $10 million consultancy fee allegedly owed under an agreement executed on June 29, 2017.

According to the statement of claim, Mosakab Nigeria Limited was engaged in 2017 as a consultant to facilitate and secure the procurement of the 2.5/2.6GHz spectrum band for national telecommunications operations. The plaintiffs insist they fully discharged their contractual obligations, leading to Megatech’s eventual issuance of the licence by the NCC in March 2020.

They contend that despite playing a central role in the process, they were sidelined when the licence was later sold to Glo Mobile.

The plaintiffs are now asking the court to declare that they are entitled to $9,578,947 as the outstanding balance on the consultancy agreement, in addition to ₦50 million as the cost of litigation.

They are also seeking an order directing the NCC to revoke the 2.6GHz spectrum licence originally issued to Megatech, arguing that it was obtained through their facilitation and should not have been transferred without settling their claims.

Justice Mohammed Garba Umar of the Federal High Court has fixed March 3, 2026, for the hearing of the suit.

The case is expected to test regulatory oversight in Nigeria’s lucrative telecommunications sector and could have far-reaching implications for spectrum licensing, consultancy agreements and corporate accountability within the industry.

Editorial Desk

KanyiDaily.com Editorial team

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