Connect with us

Headlines

NCC implements Accounting Separation Framework in telecoms industry

Published

on

NCC-logo

Nasiru Yusuf

The Nigerian Communications Commissions (NCC) NCC has commenced the implementation of the Accounting Separation Framework (ASF) in the Nigerian telecoms industry effective from July 15.

Kano Focus reports that the program is to ensure transparency and accountability in regard to effective regulation and prevention of anti-competitive behavior.

A statement sent to Kano Focus by the commission’s Director, Public Affairs, Ikechukwu Adinde said NCC is committed to the creation of an enabling environment for competition among operators in the industry to ensure the provision of qualitative and efficient telecoms services as stipulated in Nigerian Communications Act (NCA), 2003.

According to the statement, the policy document, “Determination on the Implementation of an Accounting Separation Framework for the Nigerian Telecoms Industry”, which was developed via a consultative process in 2015, has undergone a comprehensive review by the regulator in collaboration with telecoms licensees and other critical industry stakeholders.

Senate confirms reappointment of Danbatta as NCC Boss

NCC resolves 98% consumer complaints in 15 months

NCC chairs broadband implementation committee

The statement said with the commencement of the implementation of the framework, telecoms licensees are, henceforth, obligated to submit their Regulatory Financial Statement (RFS) to the Commission in line with the new ASF, within seven months after the end of the licensees’ financial year.

Umar Danbatta, the Executive Vice Chairman of the NCC expressed optimism about the framework noting that “the new ASF will promote an industry environment that fosters open and transparent financial reporting, while ensuring that charges for telecom services are cost-based and non-discriminatory.”

The Commission, however, stated that submission of RFS in line with the new framework, is currently limited to and mandatory for only six telecom licensees, adding that this will subsist for an initial period of two years after which the regulator may review the list to include other operators.

The six licensees include Airtel Nigeria, MTN Nigeria, Emerging Markets Telecommunications Services Limited (9Mobile), Globacom Nigeria, Main One Cable Company Limited and IHS Nigeria.

Adducing reasons for limiting compliance to six operators for now, the Executive Vice Chairman (EVC) of NCC, Umar Garba Danbatta, said the decision was taken to ensure necessary structure is in place for reviewing and analysing the accounts before applying the new framework to all licensees in the industry.

Mr Danbatta, however, stated that any other licensee willing to prepare its financial statements in line with the new framework is allowed to voluntarily do so, just as he said the Commission may exercise its discretion to demand that a licensee prepare and submit separated account where it is determined that the activities of such a service provider are deemed critical to the overall well-being of the Nigerian telecoms industry.

“Therefore, for full and effective implementation of the Framework, every operator under the ambit of accounting separation is required to prepare an Operator-specific Accounting Separation Manual (OASM) containing policies, principles, methodologies and procedures for accounting and cost allocation, which must be submitted to the Commission on or before October 30, 2020 for regulatory approval.

“Licensees shall also be required to prepare their financial and non-financial reports in line with the Guidelines for the ASF while reports shall be furnished by the licensees for every account year beginning from the 2020 financial year end.

“Also, as part of operators’ licensing conditions, the Commission requires licensees to prepare, in respect of each complete financial year or of such lesser periods as may be specified, separated accounting statements for all their activities,” the statement said.

According to Danbatta, the Commission considers the Accounting Separation Framework “as an effective, least evasive and less costly solution to implement to meet its regulatory objectives”, adding that the implementation of the Framework is also a key deliverable for the Commission in the new National Broadband Plan (NBP), 2020-2025.”

The EVC added that the Commission took into consideration the inputs from industry stakeholders and has provided capacity-building for operators and for relevant staff of the Commission to ensure seamless implementation of the Framework.

Mr Danbatta further reiterated the commitment of the Commission towards continually developing policies, initiatives and programmes aimed at boosting healthy competition among telecoms operators in the country to ensure that consumers continue to enjoy efficient and affordable telecom services.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Ganduje, Dantata reconcile Aliko Dangote, Abdussamad Rabiu

Published

on

Aliko Dangote, Aminu Dantata, Abdullahi Ganduje and Abdussamada Rabi'u

Nasiru Yusuf 

Governor Abdullahi Umar Ganduje and renowned business mogul, Aminu Alhassan Dantata, Kano Emirate and the Kano State Council of Imams have reconciled  the two illustrious sons of Kano, Aliko Dangote and Abdussamad Isyaka Rabi’u. 

Kano Focus reports that both parties, chairman of Dangote Group of companies and chairman BUA Group of companies, agreed to work together and supply enough sugar to satisfy the demand of the country.

A statement issued by Ganduje’s spokesperson Abba Anwar said the reconciliation meeting took place at Kano Governor’s Lodge, Asokoro, Abuja, Wednesday, which put a stop to all rumours making round that the duo were in dispute over sugar control in the country.

“They all dismissed allegation that Dangote was planning to see to the increase of sugar price, through pressuring BUA to succumb to the increment. They described that allegation as baseless and lacking any iota of truth.

“The meeting was seen as the zenith of other similar efforts to reconcile the two giants by the governor. Alhaji Aminu Alhassan Dantata played the role of a father during the meeting,” the statement added.

Present at the meeting were the Minister for Commerce, Trade and Investment, Mr Niyi Adebayo, representative of the Kano Emirate, Alhaji Aminu Babba Dan Agundi, Chairman of the Council of Kano Imams, Sheikh Muhammad Nasir Adam, the Chief Imam of Sheikh Ahmadu Tijjani Friday Mosque, Kofar Mata, Kano and the Chairman of NEPZA,  Adamu Panda.

All the two business moguls agreed to work together as brothers for the growth and development of the nation at large. Assuring that, henceforth, there would be no differences, that could cause any disharmony between them.

Continue Reading

Headlines

COEASU FCE (T) Bichi commences one week warning strike over poor leadership in the college

Published

on

Comrade Salisu Yunusa

 

Nasiru Yusuf

The Colleges of Education Academic Staff Union (COEASU) Federal College of Education (Tech) Bichi has commenced a one week warning strike.

Kano Focus reports that the chairman of the union Muhammad Salisu Yunusa announced this on Tuesday while briefing journalists at Press Centre.

The COEASU chairman has accused the management of the college under Muhammad Bashir Fagge with non remittance of twenty five million Naira deduction made on behalf of the staff multi purpose cooperative society.

According to him as at August 2017, the college management had incurred a debt stock amounting to about eighty million Naira, being the cumulative sum of deductions from staff salaries that were not remitted to the college’s staff cooperative society.

Mr Yunusa alleged that teaching and learning is being conducted under unbearable condition due to dilapidated infrastructure.

He also alleged that the management of the college has failed to pay legitimate staff allowances including 10 months peculiar academic allowance, Students Industrial Work Experience Scheme (SIWES) supervision allowance; teaching practice allowance and series of outstanding payment of the centre for continuing education.

” Academic infrastructures are dilapidating due to lack of maintenance; laboratories, workshops and studios are not functioning optimally due to lack of equipments and consumables.

“Insecurity and lawlessness is alarming due to complacency of the current management of the college; while staff morale is at low level, due to non payment of staff allowances and other statutory entitlements among other pressing issues,” Mr Yunusa alleged.

According to him the college is yet to issue college graduands their Teachers’ Registration Council (TRCN) certificate and National Certificate in Education (NCE) certificates for 2014/2015 and 2015/2016 sessions.

“The failure to issue TRCN certificates to our former students may be viewed by the general public as a corporate fraud, considering the fact that they had paid for the processing of the certificates in advance as part of their NCE III school fees while in college.

“The non-payment of security personnel for about seven months has further threatened the security of lives and properties of the institutions. This situation has culminated in serious theft in the students hostels,” the chairman alleged.

Mr Yunusa called on the appropriate authorities to to prevail on the management of the college to immediately remit this money back to college’s cooperative as soon as possible as failure to to do this will further worsen the welfare condition of some staff, some of whom have invested a larger chunk of their life saving in cooperative society.

“We will never soccumb to the intimidation of ‘No work, no pay’ by the college management until our demands are met,” he said.

Continue Reading

Headlines

We’ve never added a penny on the price of our products during Ramadan – Dangote 

Published

on

Aliko Dangote

By Mukhtar Yahya Usman

The chairman of Dangote Group Alhaji Aliko Dangote, has categorically urged people not to panic over price hike in his products during this Ramadan.

Kano Focus recalled that every Ramadan, sugar is one of the most used substance to prepare varieties of drinks and other edibles, even though it often goes higher than usual that a common man cannot afford to buy.

This problem according to many Muslim faith, is associated with the business people in commodity markets – who purchase such most used substances during the fasting period.

However, Mr Dangote said that he has massively filled markets with sugar across the country to avoid shortage during this Ramadan, which according to him to will not heighten the price of the sugar.

Dangote who spoke through his Manager, Garba Ibrahim El- Suleiman in Kano, says the Company presently has bathed all the markets across the country with products, “because our President, Alhaji Aliko Dangote respects and values month of Ramadan to the level that he has never added a penny on the price of his products during the time.” He added.

“Our dealers also are very good people and we’re rest assured that none of them would be able to take up the price of any product.” Garba said.

Speaking with Salisu Sambajo, one of the Dangote Company’s major Dealers in Nigeria, says there has never been a time when the Dangote increases prices of his products in any parts of the country during Ramadan.

“The price of every bag of sugar we sell is N18,500 only, therefore whenever you find out that a kobo is added to that, it is from the retailers. These people buy goods from us, they pay for transport, tax and many – so when they some amount on it, it is not Dangote that added it…we cannot force them not to.” Sambajo said.

Also, Sabo Dankoli, another dealer of Dangote products explained that they have never experienced a hike in price from Dangote unless in 2020, when there was lockdown due to COVID-19 pandemic, “and that also was not from Dangote, it’s because the commodities have gone out of store and people started to add money.” He said.

Commending the Dangote Group efforts to ensure that there is no price increase during the fasting period, Chairman of the Kano State Public Complaints and Anti- Corruption Commission (PCACC), Muhuyi Magaji Rimingado has thanked Aliko Dangote for taking measures to ensure that his products have not gone out of store or too expensive to consumers during Ramadan.

‘’I was informed that the company has flooded the market with commodities that can last till after the Ramadan period and not only in Kano but across the northern states, ‘’Muhuyi Rimingado said.

‘’That was why we appreciated the company with a letter of Commendation last week. I hope the company will sustain the initiative even after the holy month of Ramadan.’’

Continue Reading

Trending