National Broadcasting Commission (NBC) has lifted the suspension placed on Daar Communications Plc, parent company of AIT and Ray Power FM.
NBC Director General, Isaq Modibbo Kawu, said on Friday that the removal of the suspension came after the two parties reached an agreement.
Mr Kawu, however, said the settlement was based on fulfillment of certain conditions.
A Federal High Court in Abuja had on Wednesday adopted as its judgement, the terms of settlement reached by NBC and Daar Communications.
Among other items listed in his judgement, Justice Inyang Ekwo ordered that Daar Communications should furnish the NBC “with a concrete and realistic proposal” and ensure prompt payment of the outstanding licence renewal fee.
He also ordered the company to ensure balance in its news coverage, especially political commentary on its stations across the country.
“That the plaintiff shall take full editorial responsibility for the use of content sourced from social media and all/any other outlets.
“That the plaintiff shall ensure that all programmes transmitted on its TV/Radio stations across the country comply with the provisions of the Constitution of the Federal Republic of Nigeria, 1999, the National Broadcasting Commission Act, Cap. NH, Laws of the Federation, 2004 and the Nigeria Broadcasting Code as may be in force or/and as amended from time to time.
“That the Terms of Settlement tiled and adopted is hereby entered as judgement of this court in this suit.
“That each of the parties shall bear its own costs of this action,” he said.
The parties had reached an out-of-court settlement in a meeting on June 9 coordinated by the President of the Nigerian Press Organisation (NPO), Nduka Obaigbena.