The NCC is contributing immensely to President Buhari’s transformation agenda

by | Jul 12, 2016

When President Muhammadu Buhari ascended power, he was clear in reiterating that his administration is placing corruption eradication as the focal point of its transformation agenda. In fact one of his first acts in office was to declare that the all national revenue be kept in a Treasury Single Account (TSA) for effective oversight.

Following after that, the senate began probing Remita, and later on terminated their contract on what was allegedly an abuse and mismanagement of the TSA by the company responsible for managing the Remita platform for the TSA.

While it’s unclear who is managing the Remita platform for the TSA now, the NCC on the other hand appears to be playing by the books. In a little as just a year since Prof. Umar Danbatta’s appointment as Executive Vice Chairman and CEO of the regulatory agency, the NCC claims to have remitted ₦70 billion to the federation account.

According to the special assistant to the EVC, Yakubu Musa, the cash payment is in addition to the ₦30 billion paid by MTN as part of a renegoniated fine of N330 billion slammed on the company for failing to deregister about 5.2 million unregistered subscriber from its network.

Advertisement

The NCC was instrumental in not only ensuring that MTN pays the fine but also overseeing other key financial deals; like the auctioning of the 2.6GHz spectrum for instance that raked in a whooping $96 million. Deeds like that haven’t gone unnoticed, with NCC raking in numerous awards from within and outside the country. Prof. Umar Danbatta himself is among the head of key government agencies invited to make a presentation at a two-day retreat on enhancing revenue generation in the country later in the year.

If you come to think of it, this is not all surprising. Earlier in the year, Okechukwu Ofili shared a conspiracy theory that accused the NCC of victimizing MTN as part of the Nigerian government’s plans to drastically increase non-oil revenue in 2016. In light of recent happenings, that theory is starting to seem more plausible.


Suggested Read: Why small Nigerian businesses should care about the outrageous MTN Nigeria fine


So much about the NCC and their falling in line with President Muhammadu Buhari’s transformation agenda you’d say.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.

Advertisement

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap