Prof. Umar Danbatta, Executive Vice-Chairman (EVC) of NCC

Telecoms: NCC implements ASF as Senate confirms EVC Danbatta’s re-appointment

*ASF to ensure transparency, accountability in effective regulation and prevention of anti-competitive behaviour

*Telecom licencees to submit Regulatory Financial Statement to NCC in line with new framework

Isola Moses | ConsumerConnect

Towards ensuring further transparency and accountability in effective regulation and prevention of anti-competitive behaviour in the telecom sector of the economy, the Nigerian Communications Commissions (NCC), has started the implementation of its Accounting Separation Framework (ASF), in the country’s telecom industry.

Prof. Umar Danbatta, Executive Vice-Chairman (EVC) of NCC, disclosed this in a statement by Dr. Ikechukwu Adinde, Director of Public Affairs, and made available to newsmen Tuesday, July 21, in Abuja, FCT.

The Executive Vice-Chairman of the Commission said the ASF, which took effect from July 15, 2020, was introduced to further ensure transparency and accountability in effective regulation and prevention of anti-competitive behaviour in the sector.

NCC is committed to create an enabling environment for competition among operators to ensure the provision of qualitative and efficient telecoms services as stipulated in Nigerian Communications Act (NCA), 2003, said Danbatta.

Implementation of an ASF for the Nigerian telecoms industry was developed via a consultative process in 2015, stated he.

According to him, it has undergone a comprehensive review by the regulator in collaboration with telecoms licencees and other critical industry stakeholders.

Danbatta, therefore, urged telecoms licencees to henceforth submit their Regulatory Financial Statement (RFS) to the Commission in line with the new ASF, within seven months after the end of the lincencees’ financial year.

The six licencees include Airtel Nigeria, MTN Nigeria, Emerging Markets Telecommunications Services Limited (9Mobile), Globacom Nigeria, Main One Cable Company Limited and IHS Nigeria.

The EVC expressed optimism about the framework, noting that the new ASF would promote an industry environment that fosters open and transparent financial reporting.

Implementation would ensure that charges for telecom services were cost-based and non-discriminatory.

He said: “With the commencement of the implementation telecoms licencees are henceforth obligated to submit their Regulatory Financial Statement (RFS) to the Commission in line with the new ASF, within seven months after the end of the licencees’ financial year.

“The submission of RFS, in line with the new framework, is currently limited to and mandatory for only six telecom licencees.

“This will subsist for an initial period of two years after which the regulator may review the list to include other operators.”

ConsumerConnect reports that the Nigerian Senate confirmed Prof. Dambatta’s re-appointment Tuesday in Abuja.

His re-appointment for a fresh five-year term was confirmed during a plenary, following the consideration of the report of Senator Oluremi Tinubu-led Senate Committee on Communications.