- The CEO is saying selling all his children settle the NCA fine
- He says he has not flouted any of NCA's rules in his operation
Mr Alfred Larbi, the owner and Chief Executive of Accra-based OXY FM has disclosed that he will not be able to settle hefty fine slapped on his radio station by the National Communications Authority (NCA).
According to him, he will not be able to raise the ¢1.5 million penalty even if he line up all his children for sale.
Speaking to Joy FM in Accra, Alfred Larbi insisted that his company has never flouted any regulations as being speculated by the NCA.
“The law says you have to notify them three months when the license expires which I did. Then they sent me a letter acknowledging receipt that they are going to study it and get back to me," he said.
The CEO added that after writing to the NCA, authorities did not write to him back until he received a notice of his suspension.
He said the NCA also demanded details of his tax clearance together with some other important documents.
“I sent it to them and they rejected it, the next time I heard from them was to get a penalty which is wrong,” aggrieved OXY boss said.
The NCA in an operation clamped down on some 131 radio stations across the country for various offenses.
The authority also redrew licenses of some of the stations whiles others were closed down completely for nonpayment of taxes and other renewal of fees.
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