Telecom
Reps Committee Alleges DBI Keeps N1.2Bn Secret Account, Calls For Audit
The House of Representatives Committee on Telecommunications has threatened to sanction Dr Ikechukwu Adinde, the director, Digital Bridge Institute (DBI), for alleged violating the federal government’s policy on the Treasury Single Account (TSA).
This, the Reps Committee, said, was as a result of alleged disbursement of over N1.2 billion for capital projects and procurement without following due process.
While questioning Adinde during its oversight function visit to DBI, the members of the House of Representatives Committee on Telecommunications told Adinde that not paying DBI funds into the TSA implied that “you’re running foul of financial regulation,” as ”every government agency remits their funds into the TSA”.
Adinde responded that the practice at DBI has been the maintenance of only one operational account with a commercial bank, adding that, “The practice I met here, we operate only one account with a commercial bank and I and the Director of Finance are signatories to the account.”
Speaking on behalf of the Committee, Hon Saheed Akinade-Fijabi, its chairman, said the Committee discovered the financial discrepancy when its members paid an oversight visit to the headquarters of the learning centre in Abuja.
The House of Representatives further declared that: “You have been here since 2015, and the regulation started around 2015/2106. In 2017, you are still paying into a commercial bank, which is contrary to the laid down rules and regulations”.
The Committee accused the Management of DBI of violating the TSA policy of the federal government and for other alleged financial discrepancies.
Honourable Akinade-Fijabi berated the DBI for flaunting the government’s financial regulation and said the committee would invite Adinde for further questioning.
The lawmakers questioned the Management of DBI over the disbursements of over N1.2bn it recorded for capital projects and procurement in the 2016 budget.
Specifically, the Committee asked Adinde to clarify the official relationship between the DBI and the Nigerian Communications Commission (NCC), and also requested for a comprehensive audit of DBI’s account in the last five years.
Aside requesting the DBI director to provide the nominal roll and list of trainees who have enrolled in the DBI in the past, the Committee said the era of “running DBI like a private business outfit was over for good”.
Honourable Akinade-Fijabi said the team was not out to witch-hunt the Management of the DBI but was only performing its constitutional role as lawmakers.
However, Adinde explained that the DBI had not executed any capital expenditure or procurement on its own but had rather relied on the NCC to execute such projects.
According to Adinde, the Management of the DBI is not in a position to answer questions on capital projects or procurement as the NCC owns DBI.
The Committee therefore said Adinde would be invited to the National Assembly to provide an overview of DBI’s internationally generated revenue [IGR] for the past five years, details of audited account for the same period, and DBI’s nominal roll among other details.
Nigeria’s telecom operators recorded 155, 397 fibre-cut incidents between April and May 2026, and these they blame on why internet or calls suddenly stop working.
Data from the Nigerian Communications Commission (NCC) showed fibre-cut incidents increased from 74 276 in April to a record 79 121 in May, bringing the two-month total to the highest level recorded by the industry.
This represents a 2 428% increase from the 5 934 incidents reported during the first quarter of 2026.
Vandalism remained the leading cause of fibre cuts, accounting for more than 54 000 incidents despite telecom infrastructure being designated as Critical National Information Infrastructure, a classification intended to strengthen protection of key digital assets.
Also road construction constantly damages fiber where iggers and machines tear up buried cables during road repairs or construction.
Even with all these, some state governments make it hard for companies to fix cables quickly across different areas with all manners of fees and levies.
The NCC designation provides for penalties of up to 10 years’ imprisonment for offenders, but operators continue to face widespread infrastructure damage.
Proposed solutions, including Nigeria’s Dig-Once policy and AI-powered fibre sensing technologies, have yet to achieve widespread adoption.
The NCC is developing a cost-based framework for shared underground duct infrastructure, while operators are exploring AI-powered fibre sensing technologies that can detect cable damage in real time and improve network resilience.
Nigeria is pursuing ambitious broadband targets under its National Broadband Plan and has expanded fibre deployment to about 35 000 kilometres.
However, infrastructure protection has not kept pace with network expansion, leaving subscribers vulnerable to unreliable connectivity despite continued operator investment.
Standard Bank has partnered with Helios Towers to provide a $29 million Social Documentary Credit Facility. According to the financial services company, this transaction marks Standard Bank’s first Documentary Credit Facility structured in a Sustainable Finance format.
It notes that the facility will support the procurement and importation of telecommunications infrastructure and related services across Africa.
It will also provide payment certainty to suppliers, while supporting Helios Towers’ working capital requirements and infrastructure expansion programme, the bank adds.
Structured in accordance with the Loan Market Association’s Social Loan Principles, the financing is designed to promote digital connectivity and telecommunications infrastructure development in underserved markets.
This will help Helios Towers further expand its footprint and enhance mobile network coverage and connectivity across the continent.
Helios Towers operates one of Africa’s independent telecommunications tower platforms, enabling mobile network operators to extend coverage across multiple markets.
Standard Bank notes that the facility supports the expansion of tower infrastructure and services, increased network densification and improved connectivity in underserved markets and remote regions across the African continent.
It will also drive digital inclusion and tackle the digital divide while supporting economic growth and socio-economic development.
“This transaction demonstrates the power of innovation in trade finance. By combining a first-to-market Social Documentary Credit Facility with a cross-border funding solution, Standard Bank has supported Helios Towers’ growth ambitions while helping extend digital connectivity to underserved communities across Africa,” says Benoit Samouilhan, global transaction banker at Standard Bank Corporate and Investment Banking.
According to the bank, this facility enables positive social impact by increasing and improving network coverage and connectivity in some of the world’s most remote regions.
“Reliable digital infrastructure is fundamental to Africa’s future growth and development,” says Alex Carter, group finance director at Helios Towers.
“This facility provides us with the flexibility and certainty needed to support our ongoing infrastructure investments while advancing our mission of expanding connectivity across the continent. We value our longstanding relationship with Standard Bank and look forward to building on this partnership.”
Nigerian Communications Commission (NCC) will on Thursday convene a stakeholders’ consultative forum to review the draft business rules for Mobile Virtual Network Operators (MVNOs) in Nigeria.
NCC
The forum, scheduled to hold at 10 a.m. at the NCC Annex Office, Mbora, Abuja, is expected to bring together telecommunications operators, industry associations and other stakeholders to provide input on the proposed regulatory framework before its finalisation.
The commission announced the event on its official social media platforms, inviting interested stakeholders to participate in the consultation process.
The engagement is part of the NCC’s efforts to strengthen the regulatory framework for MVNO operations and promote greater competition, innovation and consumer choice in Nigeria’s telecommunications sector.
Mobile Virtual Network Operators are telecommunications service providers that offer mobile services by leasing network capacity from licensed Mobile Network Operators (MNOs), rather than owning spectrum licences or telecommunications infrastructure.
The NCC has identified the MVNO licensing framework as one of its initiatives aimed at deepening competition, expanding access to telecommunications services and driving digital inclusion across the country.
The consultative forum is expected to provide stakeholders with the opportunity to review the draft business rules, make recommendations and contribute to the development of a robust operational framework for the emerging MVNO segment.
The commission is expected to issue further details on the outcome of the consultation after the meeting.
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