BUSINESS & ECONOMY
NCC Partner NLRC On Committee To Strengthen Consumer Protection
The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) have set up a committee in Abuja to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country.
The Committee, which was inaugurated at the NCC Head Office in Abuja, was tasked with the responsibility of articulating measures to address mutual regulatory issues, including the review of the revenue-sharing formula between Mobile Network Operators (MNOs) and lottery operators.
The NCC’s Executive Commissioner, Stakeholder Management (ECSM), Barrister Adeleke Adewolu, who presided at the meeting comprising senior staff of the two agencies, recalled fondly previous engagements between the agencies and stated that the committee was important in order to review and update an NCC-NLRC Memorandum of Understanding (MoU), which was signed on the 6th of August 2018 but has now expired.
The ECSM said the Commission is committed to regulatory collaboration and strategic partnerships and has carefully reviewed NLRC’s requests and is convinced that both organisations can conclusively address issues and other concerns that have been identified in the operation of lotteries in the telecom industry.
“We expect that the Joint Committee of senior members of staff in both organisations will work closely to develop a collaborative framework to progressively improve gaming service delivery for telecoms consumers and further accelerate holistic development in Nigeria’s digital economy,” Adewolu stated.
In addition, the ECSM reiterated that the Committee is expected to articulate a new MoU to address issues around revenue sharing between MNOs and lottery operators, the need to review and recommend a workable model for addressing the needs of both organisations, and present informed recommendations to deepen regulatory collaboration between the two regulatory agencies.
“Given the strong professional pedigree of the members of this Joint Committee, I have no doubt that they will meet and even exceed the expectations of the Managements of both the NCC and the NLRC, and I wish you all success in this task,” Adewolu added.
Speaking on behalf of the Director-General, NLRC, Lanre Gbajabiamila, the Director, Legal Services, NLRC, Olayemi Ajayi, expressed her organisation’s commitment to improving revenue generation from the lottery industry while appreciating NCC for being receptive to inter-organisational collaborations.
Ajayi reiterated the need for renewal of the expired MoU with amendments to accommodate new provisions that will be favourable to stakeholders and fast-track the development of Nigeria’s digital economy.
Ajayi assured that “The NLRC is working tirelessly to ameliorate its functions and service delivery to stakeholders. Therefore, this renewed collaboration with NCC will help for better and efficient service delivery by both agencies.”
-
CRIME3 years ago
PSC Dismisses DCP Abba Kyari, To Be Prosecuted Over Alleged $1.1m Fraud
-
FEATURED3 years ago
2022 Will Brighten Possibility Of Osinbajo Presidency, Says TPP
-
FEATURED2 years ago
Buhari’s Ministers, CEOs Should Be Held Accountable Along With Emefiele, Says Timi Frank
-
BUSINESS & ECONOMY2 years ago
Oyedemi Reigns As 2023’s Real Estate Humanitarian Of The Year
-
SPORTS1 year ago
BREAKING: Jürgen Klopp Quits Liverpool As Manager At End Of Season
-
SPORTS2 years ago
Could Liverpool Afford Kylian Mbappe For €200 million? Wages, Transfer Fee
-
ENTERTAINMENT2 years ago
Veteran Nigerian Musician, Basil Akalonu Dies At 72
-
FEATURED2 years ago
Tribunal Judgement: Peter Obi Warns Of Vanishing Electoral Jurisprudence, Heads To Supreme Court
-
BUSINESS & ECONOMY2 years ago
Oyedemi Bags ‘Next Bulls Award’ As BusinessDay Celebrates Top 25 CEOs/ Business Leaders
-
FEATURED3 years ago
2023 Presidency: South East PDP Aspirants Unite, Demand Party Ticket For Zone