Section 121: Notice of Default Prior to Revocation.

1 Prior to a decision by the Authority to revoke a licence or permit under section 120 of this Act, the Authority shall—
a serve a notice of default on the holder setting forth in reasonable detail the default of the holder; and
b give the holder 60 days within which to remedy the default.

2 Where the Authority is satisfied with the remedy of the holder under subsection (1)(b), the revocation process shall terminate.

3 Where, at the expiration of 60 days, the holder fails to remedy the default, the licence or permit shall be terminated.

4 A notice of default shall be—
a sent by the Authority to the last known address of the holder of licence or permit or its legal representative in Nigeria, or
b published in the Federal Government Gazette or on the website of the Authority, each of which shall constitute sufficient notice to the holder of licence or permit of the notice of default.

5 Revocation shall be without prejudice to any—
a liabilities which the holder may have incurred; or
b claim, which the Authority, the Government or any third party may make against the holder of licence or permit.

6 A revocation decision shall be published in the Federal Government Gazette and the Authority shall amend relevant registers maintained by it to reflect the revocation.