By G9ija
The television station was fined N2m for breaching the broadcasting code.
Recall that Arise TV apologized on Sunday after reporting the Independent National Broadcasting Commission (INEC) was investigating Tinubu over alleged criminal forfeiture of money on offenses bordering on narcotics and illicit drugs.
INEC at the weekend denied the statement on which Arise TV based its report.
The development forced the station to retract the statement and apologised to Tinubu.
