General News
Number Portability without Interconnect Houses’ll be Chaotic -Nnamani
Ikechukwu Nnamani, president/CEO of Medallion Communications Limited has made outstanding contributions to the development of the telecommunications industry in Nigeria. He played pivotal roles in deploying the telephony networks of Rainbownet Limited in the cities of Enugu, Aba, Owerri, Abakiliki, Onitsha, and Nsukka, as well as deployed networks for Megatech Engineering in Kano and Startech Networks in Abuja and has handled projects for Boeing Aerospace in St Louis, Missouri, as well as United States Navy Strategic Ballistic Missiles Defense Programme for which he was awarded a United States Navy plaque for outstanding work. In this interview with hilary okeke, Nnamani spoke on a range of issues around interconnect.
Use of Interconnect Houses by Telecom Operators
Yes, telecom operators are beginning to realize and really appreciate the value and importance of interconnect houses in the industry. At least in Lagos currently, Medallion is connected with pretty much all the operators available – GSM, CDMA and fixed lines – and we are getting patronage from each of them both in receiving and sending traffic from them to other operators.
Interconnect Houses and Billing Issues
From the beginning, the main reason why interconnect houses were created was to address these issues of interconnect indebtedness, reconciliation and settlement. It is an integral part of our service offering. In Medallion for instance, there are no disputes amongst operators connected on our network. The reason is simple – as an interconnect point, you generate an independent call records which would always be used for dispute resolution and arbitration. Also, you are able to differentiate and mediate on each type of traffic that comes through your network. So, because you have the right interconnect billing infrastructure, it is easier for you to handle billing and settlement; and these are infrastructures that some of the operators may not have. That is why you find one operator claiming that his infrastructure is better and more advanced than another’s, so whatever is coming from it should be accepted. We are able to bridge that gap. At least I can speak for Medallion as interconnect clearing house – today we have no disputes on our network.
Traffic Exchange Dynamics and Interconnect House
Operator A sends calls to operator B through the interconnect point, three call records are generated for each of the call. Operator A generates a call record, which he might start counting when the trunk is seized; operator B generates his own call records which he might start counting when the call is answered. So, you notice there is going to be a difference in timing from the point of origin and point of termination; a difference in the call records between the trunk time – when the trunk is seized – and the talk time – when you actually have conversations, which should be used for accurate billing of calls. What the clearing house does is reconcile both. On Medallion’s switch for instance, we generate both the trunk time and the talk time, and what is used for billing is talk time, not trunk time. We are able to differentiate both and show them to operators in case one of them says his own time is different – whereby he is probably assuming the trunk time for his billing. What you notice most is that as long as you do not have that independent record to fall back on, which is able to record the differences between the talk and trunk time; you are going to have disputes. So, that is one of the ways we have been able to resolve disputes considering that call records bear time of call, duration of call, the numbering plans for both originating and terminating operators. That would enable you to know that “this is an MTN call going to Zoom or Starcomms.” You should also be able to differentiate when someone is just flashing from when he is actually trying to make a call. Those short duration calls should not be counted, and we are able to separate all that through billing and reconciliation. That is how we are able to prevent disputes.
Clearing Houses’ Records Final?
Not necessarily. We would not want to put it in a militant way; we would rather say that a fact is a fact. As long as you have accurate information that you can prove is accurate, then parties are obliged to honour it. Again as I said, the beauty of calls going through an interconnect point is that you have three records – originating records, terminating records and the records from the clearing house. It is hardly possible for one to see these three records different from each other, and with Medallion’s kind of interconnect platform, it becomes a lot easier to demonstrate to all the parties that the records are accurate. That has been the experience on our network. I would not say that our position or record is final, only that historically, there has been no dispute around the records that we have generated and presented to operators.
Interconnect Houses and Number Portability
We have made a presentation to the regulators that without having efficient interconnect services; number portability is not going to work. It is simple – you need independent transparent entities to handle number portability, and in Nigeria today, it is interconnect operators that have that ability and capability because we already have the links to operators, and are independent, transparent and not in competition with any entity. We have no reason not to honour a request by a subscriber to move from one network to another. I say this not from the Medallion viewpoint but from the interconnect operator class of licence point of view – the industry would be much better, the implementation of number portability would be more efficient if it is handled through the interconnect operators who already have the infrastructure on ground and the ability to offer the service efficiently. Literally, it is no different from what we are already doing; it is pretty much going to be seen as an additional class of service within the existing class of service that we offer. So, interconnect operators are fully prepared to offer number portability and we truly hope to be able to make it a seamless transition for the industry if our service is fully embraced.
Number Portability without Interconnect Houses
It is going to be chaotic! Again, if you have pair-to-pair (when operator A directly connects to operator B), and a subscriber on operator A’s network sends him a request to be migrated to operator B’s network, chances are that that request would not be honoured because the operator would not want to lose his customers, and so will do all he can to stop that subscriber. Number portability is just not going to work unless you have independent bodies handling it; the request to be ported must be handled by an independent body that is not the operator whom the subscriber wants to move from. That is the best way it is going to work, otherwise you would see anti-competition taking over; it is just going to be inefficient, requests would be delayed and denied. Ultimately, the subscriber is going to be the one to suffer and he may not have the records. It would be the subscriber’s word against the operator’s. In other parts of the world, it is never the same operator that owns the subscriber, which handles the movement of the subscriber to another network – it is always handled by independent bodies.
Legal Issues around Interconnection
Interconnect is a regulatory requirement, it is mandatory that all operators interconnect among themselves. The major reason for this is anti-competition because the regulator wants to ensure that no one dominant operator in the industry holds others to ransom. So, there is simply a regulatory requirement that all operators must interconnect with one another; and for interconnect operators, that regulatory requirement is equally paramount. Once an interconnect operator demands for interconnect, the regulation requires that that request be honoured by the operator to whom the request is made. Going beyond the regulatory requirement and looking at it from the commercial angle; using the service of an interconnect operator has a lot benefits for a telecom operator. Even if there were no regulatory requirement, any smart operator would embrace it because it helps them to reduce the cost of their operation considering the number of interconnect links that need to be put in place; resolve issues around billing disputes and reconciliation, and issues of capacity for interconnect. Any operator that fails to embrace interconnect services fully lacks knowledge about how telecoms can function efficiently. Everyone is talking about infrastructure sharing – what an interconnect operator offers you is simply a means to share your interconnect infrastructure with others in a cost effective way. At the end of the day, your savings in cost could run into hundreds of millions of Naira.
Interconnect Houses and Emerging Mobile Currency Trend
Medallion is at the forefront of the promotion of mobile banking. We currently have a number of the mobile groups trying to work with us. For mobile banking to function properly, there must be a seamless interface between the banks and the operators and that kind of interface cannot be handled on a pair-to-pair basis. The interconnect operator makes it faster for mobile banking to be implemented across the various networks. We have been at the forefront of this and we try to promote it believing that it is one of the ways to bridge the divide between the banks and the telcos. We know that there are now more telecom subscribers than account holders in the banks. So, there is a huge market and opportunity here. It is also a global trend, and Nigeria cannot be left behind. There is a huge sector of the population that is still unbanked and this sector cannot afford banking services the way they are offered today. Mobile banking focuses on driving down the cost of providing services to be able to reach the unbanked. What a company like Medallion has done is to be very active in that space and put the necessary infrastructure in place to make it happen in a cost effective way for the banks, the operators and most importantly, the subscribers. We at Medallion just play the role of a platform provider to enable mobile banking. Without an interconnect house, it means that each of the banks and operators would set up a separate link to one another, and if you do the permutation, that would be a lot of links! You should also know that banks are not operators and vice versa, so somebody has to handle that interface between both of them to ensure that they ‘speak the same language.’ Interconnect operators are needed to provide accurate reconciliation, settlement and billing. Call records have to be generated and both parties have to be convinced that the dynamics of the transactions were handled accurately.
Nigeria’s data privacy ecosystem has generated an estimated ₦16.2 billion in less than two years, according to the National Commissioner of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji.
NDPC
Speaking during a virtual press conference at a capacity-building engagement held at the Marriott Hotel, Ikeja, Lagos, Olatunji said the figure reflects the growing importance of data protection in Nigeria’s digital economy.
He noted that the Commission’s initiatives have created jobs, boosted compliance, and strengthened trust in digital transactions.
Olatunji explained that Nigeria’s journey in data protection began in 2019 with the establishment of the NDPR framework, which later evolved into the NDPC.
Since then, the Commission has focused on building awareness, strengthening compliance, and creating a robust ecosystem that integrates technology, collaboration, and sustainability.
He highlighted Nigeria’s active role in the Network of African Data Protection Authorities (NARPA), stressing that the country has emerged as a continental leader in privacy regulation.
In December 2025, the NDPC won the Picasso Award as Africa’s most outstanding data protection authority, a recognition he said underscores Nigeria’s growing influence in the global privacy space.
Responding to questions from journalists, Olatunji assured that the Commission is committed to protecting the rights of data subjects, including the ability to correct or ratify personal details on government platforms.
He urged citizens to report violations to the NDPC for immediate intervention.
On concerns about international data transfers, particularly agreements involving Nigeria and foreign governments, Olatunji said the Commission would continue to monitor such arrangements to safeguard national interests and ensure compliance with data protection laws.
He concluded by stressing that data privacy is central to Nigeria’s future economy, calling for sustained investment in human capital, technology, and regulatory frameworks to build trust and confidence in the digital space.
A covert intelligence operation coordinated by the Army Headquarters and the State Security Service (SSS) helped thwart a deadly plot to overthrow President Bola Tinubu’s government and assassinate key political figures, PREMIUM TIMES can authoritatively report.
Multiple senior administration insiders said the plot began to unravel in late September 2025 after an unnamed military officer with direct knowledge of the coup contacted the Olufemi Oluyede, then Chief of Army Staff.
The officer reportedly disclosed the scheme, saying he feared being implicated as an accessory to treason if he failed to alert authorities.
Our sources said around the same time, the SSS independently gathered intelligence indicating that some serving army officers were plotting to “destabilise the government and undermine Nigeria’s democracy.” An official familiar with the matter said Oluwatosin Ajayi, director-general of the SSS, personally briefed Mr Oluyede on the findings.
Faced with converging intelligence from multiple sources, the two security chiefs agreed to act swiftly. A wide-ranging but discreet joint operation was launched by the army and the SSS, with coordinated arrests planned across different parts of the country to neutralise the coup’s masterminds and other collaborators.
On 30 September 2025, as President Tinubu travelled to Imo State for an official visit, unaware of the plot to depose and possibly assassinate him, the joint operation went into effect. The sweep led to the arrest of the alleged principal architects of the coup, alongside other military and civilian suspects.
Emmanuel Undiandeye, chief of Defence Intelligence (CDI), and the then Chief of Defence Staff, General Christopher Musa, were subsequently briefed.
Mr Undiandeye was then requested to detain the suspects in the underground holding facility of the Defence Intelligence Agency.
Following the initial arrests, President Tinubu was formally informed of the foiled plot. A visibly shaken president immediately ordered the cancellation of the 1 October National Independence Day parade. He also approved the constitution of a special investigative panel, which later led to additional arrests. The investigative panel was led by General Undiandeye.
One of the detained soldiers later escaped custody but was rearrested by SSS operatives in Bauchi, a military insider said.
Meanwhile, a retired officer identified as General Adamu and a former governor, Timipre Sylva, accused of bankrolling the coup plotters, remained at large.
Tinubu later fired and retired General Musa, then Chief of Defence Staff, as well as the chiefs of the navy and air force. My Oluyede was appointed CDS and promoted to the rank of General. Weeks later, Mr Musa returned to government as Minister of Defence.
In a statement issued on 4 October, the Defence Headquarters said the arrested officers were being investigated for “indiscipline and breach of service regulations.”
It added that preliminary findings suggested the officers’ grievances were linked to “career stagnation and failure in promotion examinations.”
Despite mounting evidence and a series of detailed reports by PREMIUM TIMES and other media outlets, the military repeatedly denied that a coup plot existed.
In an 18 October statement, the Defence Headquarters described the probe involving the 16 arrested officers as a routine internal investigation aimed at maintaining discipline and professionalism within the armed forces.
However, on 26 January, the military publicly acknowledged for the first time that officers had indeed plotted to illegally overthrow President Tinubu’s administration. It announced that those indicted would be arraigned before a military judicial panel.
According to the Defence Headquarters, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”
It said the findings revealed “a number of officers with allegations of ‘plotting to overthrow the government,” describing such conduct as ‘inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”
“Accordingly, those with cases to answer will be formally arraigned before an appropriate military judicial panel to face trial in accordance with the Armed Forces Act and other applicable service regulations,” the statement added.
In an earlier report, PREMIUM TIMES quoted sources with direct knowledge of the investigation as identifying top officials allegedly marked for assassination. They include President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas.
“There are other people targeted,” one source said. “But those are the key targets.”
The plotters also planned to detain senior military officers, including the service chiefs. “They did not want to kill them,” the source added.
According to the sources, the conspirators intended to assassinate the political leaders simultaneously. “They were waiting for a day when all of them would be in the country,” one official said. “Wherever they were, they would be assassinated.”
The sources said the plotters relied on informants within the Presidential Villa and around the officials slated for elimination.
“They have people inside the Villa who monitor the movements of these officials,” the source said. “The plan was to kill them at the same time and install a military government.” (PREMIUM TIMES)
Moniepoint Inc., Nigeria’s definitive platform for small businesses and Africa’s all-in-one financial ecosystem, today released its 2025 Year in Review, marking a decade of “financial happiness” and a transformative year of growth.
Moniepoint
Highlighting its role as the backbone of Nigeria’s entrepreneurial economy with over 6 million active businesses, the company revealed that its microfinance bank has now disbursed over ₦1 trillion in credit to thousands of businesses from provision stores and supermarkets to building materials sellers.
It is worthy to note that on average these businesses experienced growth by more than 36% after accessing credit, signposting its primacy as a transformational growth level and instrument of deepening shared prosperity.
Moniepoint uses alternative data points that include transaction histories, business patterns and payment behaviours in a bid to accommodate what traditional credit scoring misses to drive financial inclusion and access to credit.
The company’s 2025 performance reinforces its role as a critical financial infrastructure which not only supports the Nigerian economy, but also impacts everyday lives, creating immense value.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc (formerly known as TeamApt Inc) has established itself as the leading financial platform for Nigeria’s vast network of small and medium-sized businesses (SMEs), offering an integrated suite of services, including digital payments, business bank accounts, credit, foreign exchange (FX), and management tools.
During the year, as Nigeria’s largest merchant acquirer, now powering 8 out of every 10 in-person payments made across the country, Moniepoint MFB, the banking and payments subsidiary, processed ₦412 trillion in transaction value handling more than 14 billion transactions. This clearly suggests that Moniepoint is well-positioned to play a greater role in Nigeria’s steady march towards a trillion dollar economy by 2030.
“Our journey has been one of intentional evolution,” said Tosin Eniolorunda, Group CEO and Founder of Moniepoint Inc. “What started as a passion to solve overlooked problems has evolved into a platform powering the dreams of millions.
“As 83% of employment in Africa exists in the informal economy, our mission to create financial happiness is an operational mandate that guides our product development, our market expansion, and our capital allocation decisions.”
Beaming with enthusiasm, Eniolorunda continues, “Yet for all we have accomplished, we approach our second decade with the clarity that our work remains unfinished.
“As we enter this next chapter, we do so with strengthened conviction in our strategy, deepened partnerships with world-class institutional investors, and an organisation scaled to deliver on Africa’s entrepreneurial potential.
“The infrastructure we have built over the past decade provides the foundation. The journey is far from over, but our resolve has never been stronger. To our partners, our customers, and our team: thank you for a decade of impact. We are just getting started.”
In 2025, Moniepoint Inc. reached a series of critical inflexion points, highlighted by the successful completion of its Series C funding round, which raised over $200 million in equity financing from leading institutional investors, including Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital.
The year also marked the launch of MonieWorld in the United Kingdom, extending Moniepoint’s platform to serve the African diaspora by strengthening key remittance corridors and laying the foundation for the delivery of comprehensive cross-border financial services.
Moniepoint MFB re-launched its savings product in a firm demonstration of the company’s commitment toward its’ oft stated mantra of providing financial happiness. Data reveals in terms of savings behavioral patterns, the majority of users choose to save on a daily basis, with focus across business operations (24%), rent (16.5%), and education (10%) representing top savings priorities.
The launch of Moniebook and the acquisition of a national Microfinance Bank license for Moniepoint MFB further expand the company’s regulated capabilities and product depth.
TeamApt Ltd, the switching and processing subsidiary of Moniepoint Inc., also achieved major regulatory and operational milestones in 2025 that have solidified its position in the global payments landscape. After a rigorous certification process, the company successfully secured licenses from Mastercard and Visa to act as a processor and acquirer for these global card schemes..
This strategic move allows TeamApt to support international card payments directly and offer these critical switching services to other businesses across the continent.
Monnify, the web payment gateway processed N25 trillion in the period under review, demonstrating remarkable resilience and industry confidence firmly positioning it for more business-to-business transactions.
Moniepoint’s impact extended beyond banking into critical social interventions even as the company partnered with the Federal Government to support the Rice Intervention Programme, reaching nearly 850,000 beneficiaries, and worked with the Kaduna State Government in grants disbursement to vulnerable citizens.
Through these initiatives, Moniepoint continues to build the infrastructure required to unlock Africa’s entrepreneurial potential, positioning itself as a trusted partner for the delivery of large-scale economic empowerment programmes.
As Moniepoint Inc. enters its second decade, its well chronicled decade-long evolution from a backend technology provider to a household name, directly complements the Nigerian government’s vision of a more inclusive, data-driven, and productive financial landscape. To read more about the 2025 Year in Review Report:, visit http://2025.moniepoint.com
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