By Lucas Ajanaku
The Chief Govt Officer (CEO), Nigerian Communications Fee (NCC), Prof Garba Dambatta, on Tuesday restated the dedication of the regulator to make sure transparency and accountability by means of efficient regulation and prevention of anti-competitive behaviour.
To this finish, he mentioned the NCC has began the implementation of the Accounting Separation Framework (ASF) within the telecoms trade efficient from July 15, 2020
The coverage doc entitled: “Dedication on the Implementation of an Accounting Separation Framework for the Nigerian Telecoms Business”, which was developed through a consultative course of in 2015, has undergone a complete evaluate by the regulator, in collaboration with telecoms licensees and different important trade stakeholders.
With the graduation of the implementation of the framework, telecoms licencees such cell community operators (MNOs) are, henceforth, obligated to submit their Regulatory Monetary Assertion (RFS) to the Fee in step with the brand new ASF, inside seven months after the tip of the licensees’ monetary yr.
The Senate on Tuesday confirmed Prof Dambatta’s reappointment.
His appointment was confirmed throughout plenary in Abuja, following the consideration of the report of Senator Oluremi Tinubu-led Senate Committee on Communications.
Dambatta expressed optimism in regards to the framework. “The brand new ASF will promote an trade surroundings that fosters open and clear monetary reporting, whereas guaranteeing that fees for telecom companies are cost-based and non-discriminatory,” he mentioned.