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Experts Recommend AMCON to Mop up Telcos Debts

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Nigerian Communications Commission (NCC) has been urged to establish an asset management company to take up the toxic debts of operators, in a bid to arrest the increasing incidence of interconnection indebtedness in the telecommunications space.

An Asset Management Company is an investment management firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives.

With the rising interconnection indebtedness which is already causing rifts among operators, people who should know said that an Asset Management Company is the only way out.

Abimbola Akeredolu, partner, Banwo and Ighodalo Legal practitioners said: “Establishment of an asset management company will solve the problem of interconnection indebtedness by buying up the debts of any telecom operator that is not able to pay or refuses to pay its debts to other interconnection partners.”

Akeredolu, stated that this option at the moment may be the best way out as it will buy up current debt and create a fresh slate to all operators and suggested that the asset management company may be employed to take over the management of defaulting operators and operate them until they become profitable and can meet their financial commitments.

Nodding in agreement, Olasupo Shashore, San, partner, Ajumogobia & Okeke said there was no alternative legal methods to debt recovery except ‘juju’ (black magic).

Aside this, he said the other alternative was to employ the services of an arbitrator to act as intermediary among the concern parties.

Interconnection indebtedness remains a major source of conflict especially in relation to interconnect charges which has resulted to bad debts, despite measures put in place by the regulator .

According to Akeredolu,  “The large volume of the interconnect debts in the Nigerian telecommunications sector is often linked to the sharp difference in revenue sharing ratios between mobile operators and other operators such as landline network owners and fixed wireless operators.”

She noted that aside from the allegations of stifling interconnectivity, the issue of the correct amount owed by telecoms operators to themselves has remained a burning topic which continues to remain largely unresolved.

“As a natural consequence of the failure to resolve the issue of the quantum of indebtedness among the telecoms operators, the level of indebtedness continues to mount and has reached a situation where industry watchers perceive a sense of danger,” she said.

According to the legal practitioner, Interconnect indebtedness in the Nigerian telecommunications sector is currently put at a modest estimate of N20 billion, adding that approximately 60% of these debts are disputed as many operators allege that the figures are inflated while they ascribe the blame to their competitors’ faulty billing systems.

Akeredolu stated that: “The determination of the Nigeria Communications Commission to mitigate the crisis of interconnect debt now plaguing the telecom industry with the licensing of Interconnect Exchanges has suffered a setback as operators refuse to sign up to them more than one year after the Exchanges were licensed.”

 


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NCC, CBN Unveil Refund Framework for Failed Airtime, Data Transactions

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Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) have finalized a consumer protection framework to swiftly resolve complaints from failed airtime and data purchases caused by network outages, system errors, or user mistakes.

NCC, CBN Unveil Refund Framework for Failed Airtime, Data Transactions

NCC, CBN

Developed after months of consultations with Mobile Network Operators (MNOs), Value Added Service (VAS) providers, Deposit Money Banks (DMBs), and other stakeholders, the framework responds to surging reports of debits without service delivery and prolonged resolution delays.

It unites telecom and financial sectors by pinpointing root causes—like debits without service credits—and enforces a Service Level Agreement (SLA) defining roles for all parties in transactions and refunds.

Key provisions include refunds within 30 seconds for debited but undelivered airtime or data (extendable to 24 hours for pending cases), mandatory SMS notifications on transaction status, and remedies for errors such as recharges to ported numbers, wrong purchases, or misdirected transactions.

NCC Consumer Affairs Director, Mrs. Freda Bruce-Bennett, highlighted a new Central Monitoring Dashboard, co-hosted by NCC and CBN, for real-time tracking of failures, culprits, refunds, and SLA violations.

“Failed top-ups are among the top three consumer complaints. True to our mandate, we prioritized a rapid solution,” she stated.

Bruce-Bennett thanked stakeholders, especially CBN leadership, noting that MNOs and banks have already refunded over N10 billion pending formal approval.

Implementation begins March 1, 2026, following regulator approvals and technical integrations by MNOs, VAS providers, and DMBs.


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NASENI Launches Inter-Agency Innovation Competition for MDAs

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National Agency for Science and Engineering Infrastructure (NASENI) has announced the launch of an Inter-Agency Innovation Competition and Awards to stimulate creativity and technological advancement among Ministries, Departments and Agencies (MDAs) of the Federal Government.

NASENI Launches Inter-Agency Innovation Competition for MDAs

NASENI

In a statement issued on Wednesday in Abuja, NASENI said the initiative was designed to harness innovative ideas from public servants that can drive indigenous industrialization, job creation and national progress.

According to the agency, the competition will provide a platform for MDAs to propose solutions in critical sectors such as health, agriculture, education and infrastructure, leveraging science and technology to improve public service delivery and enhance the quality of life for Nigerians.

“The competition seeks to promote collaboration and creativity among MDAs while addressing pressing national challenges through innovation,” the statement said.

NASENI urged interested MDAs to submit their entries through its innovation portal at naseni.gov.ng/innovation.

The agency reiterated its statutory mission “to develop and maintain a dynamic infrastructure to drive Nigeria’s indigenous industrialization, job creation and national progress,” adding that the competition would further strengthen efforts to unlock the nation’s potential through science and technology.


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Mandatory Biometric Verification for Starlink Users in Nigeria Begins

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Users of satellite internet service provider Starlink in Nigeria are being required to complete a biometric Know Your Customer (KYC) process as a precondition to continue enjoying their services, according to .biometricupdate.

Mandatory Biometric Verification for Starlink Users in Nigeria Begins

According to local reports, more than 66,000 Starlink subscribers in the country had a December 31 ultimatum from the Nigerian Communications Commission (NCC) to complete the biometric verification or have their connection discontinued.

The process essentially entails linking a Starlkink account with the subscriber’s national digital ID.

The NCC, which is Nigeria’s telecoms industry regulator, is said to have first issued the directive in August last year, setting a three-month deadline which was to elapse on November 19, TechCabal reports.

The body however later extended it to December 31 after consultations with industry stakeholders. The internet account-NIN linkage, the NCC said, is to enhance identity verification and strengthen security within the country’s telecoms space.

Just a few days to the December 31 deadline, Starlink’s Nigeria office sent an email to its subscribers reminding them of the KYC requirement, and warned that all those who fail to comply would be disconnected.

And that once disconnected, reconnection would depend on network capacity in the concerned area.

The service provider said in its email that the process takes less than two minutes and users can complete it by logging in to their account via an app.

One user, quoted by TechCabal, said one needs to upload their selfie biometrics, provide their national identification number (NIN) and then give their consent for the account to be linked to their ID information.

Starlink’s internet service is present in about 155 countries with nine million users, as of 2025. Its growth in Nigeria is said to be rapid, making it the second largest internet service provider in the country, according to The Traffic.

Biometric identification for Starlink subscribers could become a continent-wide trend given that some countries have expressed reservations in opening up their internet space to the company over security concerns.

There’ve been fears that jihadists in countries like Mali and Nigeria may have exploited Starlink terminals to coordinate terror operations, and cybersecurity experts have also warned of risks related to weak regulation, digital sovereignty and data breaches.

The requirement for Starlink internet users to have their accounts linked with the NIN is similar to the SIM-NIN linkage policy which the Nigerian government battled to implement for many years, with many deadline extensions.

In October last year, the NCC, which is was at the forefront of the policy implementation, announced that all active SIM cards across all network providers had complied with the directive which was issued in 2020.

The idea, the federal government argued, was to strengthen security and curb criminality such as kidnappings which are aided and abetted by improperly identified mobile phone numbers.


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