Dipo Onifade, the company’s Chief Operating Officer, disclosed this in a statement on Wednesday in Abuja
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As the Independent Corrupt Practices and other related offences Commission’s embarrassing entanglement with Pinnacle Communications Limited over the National Broadcasting Commission’s duly approved Digital Switch Over payment of N2.5 billion approaches the end of the road, it has been dragged to a new road leading to further flogging via Pinnacle Communications Limited’s earthquaking N1 billion suit filed at another Federal High Court in Abuja for “unlawful, injurious and unconstitutional” freezing of its account with Zenith Bank Plc.
The company, which commenced business in 1998, has consistently installed television and FM radio systems across the country.
They hinged their argument on the 2012 white paper on the digital switchover in television broadcasting, which prohibits existing broadcasters from signal carriage