Telecom
NCC Faults Falana’s Claims on N600Bn Yearly Loss
Nigerian Communications Commission (NCC) yesterday faulted Mr. Femi Falana’s (SAN), Lagos lawyer claim that the country was losing about N600 billion due to the failure of the commission to issue “contract award letter” to a firm that allegedly won the contract for the implementation of “Revenue Assurance Software”.
Falana had threatened to sue the NCC within two weeks, if it fails to issue the letter.
The NCC, however, faulted Falana’s claim, assuring stakeholders in the telecoms industry that it would remain committed to due process and high integrity in its regulatory roles.
I Mr. Sunday Dare, executive commissioner, Stakeholders Management in a statement, asserted that there was no iota of truth in the allegation of revenue losses to the tune of N600 billion in the telecom industry.
Dare said: “Our attention has been drawn to sponsored reports alleging that the Federal Government of Nigeria is losing up to ‘N600 billion yearly’, ostensibly because of the alleged failure of the NCC to issue a ‘contract award letter’ to a firm, which supposedly won a contract to implement a ‘Revenue Assurance Software’.
“Ideally, the commission would not join issues in the media, on what is essentially an ongoing procurement exercise of a very sensitive nature. We are, however, obliged to make this clarification so as to set the records straight, and to reassure stakeholders of the commission’s commitment to due process, as well as the integrity of its regulatory and other processes, which were unfairly called into question by the said media publications.
“For the records, there is no iota of truth whatsoever in the allegation of revenue losses to the tune of N600 billion from the telecoms industry.
“The NCC’s initiative of implementing a Revenue Assurance System for the industry was motivated by the commission’s firm belief that although the telecoms industry currently contributes a significant portion of the national GDP and government revenues, the industry has the potentials to generate more revenue for government along its value chain than is currently the case.
“Also, although the commission has deployed remarkably stringent processes with which it monitors the industry and collects all due revenues, we considered it necessary to enhance the effectiveness of these processes by proactively blocking any potential gaps, through the use of available and proven cutting-edge technology solutions.
“The Revenue Assurance System is, therefore, to provide an additional layer of assurance that our licensees continue to meet their obligations without fail. The wildly exaggerated ‘loss of N600 billion annually’ to non-implementation of a particular system by a particular vendor as alleged in the said publications is therefore simply not true.
“The proposed figure is the projected revenue that consultants claim can be gotten. Until a proof of concept POC is done, this figure is in the realm of imagination.
“We also wish to clarify that having made the decision to implement a Revenue Assurance System, the NCC has been painstakingly following all mandated due process in its procurement, including engagement with the Bureau of Public Process, the Federal Ministry of Finance and the Infrastructure Concession Regulatory Commission (ICRC).”
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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