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NCC implements Accounting Separation Framework in telecoms industry

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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.

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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.

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370 bag PhD, 180 first class as BUK holds 38th convocation

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Nasiru Yusuf Ibrahim

The Vice Chancellor of Bayero University Kano (BUK), Professor Sagir Adamu Abbas, has said that during the 38th convocation of the BUK commencing Tuesday over 11,284 students will graduate, while 180 students will be graduating with First Class Honours.

KANO FOCUS reports that 370 postgraduate students are graduating with PhDs and 3,770 are going out with Masters degrees.

This was just as the university would award honorary doctorate degrees to the Deputy Senate President, Barau Jibrin, and the President of the African Development Bank, Dr Akinwumi Adeshina, to complement their efforts in supporting their community and the nation at large.

Professor Abbas, disclosed this on Monday while briefing journalists on the preparations for the forthcoming convocation.

Management staff of Bayero University Kano

According to him,” This year the university is introducing a stager’s convocation, aimed at ensuring that every student feels the impact of his graduation.

He maintained that this year the university is graduating a total of 11,284 students, which would cut across different faculties and departments.

He, however, disclosed that the richest man in Africa, Alhaji Aliko Dangote, would deliver a lecture with the title ” The Role of the Private Sector in Building a Sustainable Economy in Nigeria.”

He further disclosed that “the convocation would commence with 6 faculties: Agriculture 307, Art and Islamic Studies, Education, Law, and Pharmaceutical Sciences and that this year’s convocation would be done with a pampered”.

Speaking further, Prof. Abbas hinted that the university currently has 379 professors teaching at BUK, with 18 faculties and 16 research centres.

BUK is now ranked 5th in Nigeria based on a ranking body based in the UK. It ranked fifth after Covenant University, the University of Ibadan, the University of Lagos, and Ekiti, all based in the South West. So, by this, BUK is leading in 5 other regions: South East, South-South, North West, North East and North Central

According to him, the BuK had a breakthrough in research on the sex of date seed, which has increased the farming capacity of the date in Jigawa State from 45 per cent to almost 80 per cent.

The BUK also recorded another giant stride in a breakthrough in the E-Motive at the Centre of Excellence, Africa Centre of Excellence—Population and Policies, ACE-PAP. It saved 60 per cent of maternal mortality.“

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NPFL: Kano Pillars beats Sunshine Stars 5-1

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Nasiru Yusuf Ibrahim

 

Kano Pillars Football Club on Sunday thrashed Sunshine Stars of Akure 5-1 in the ongoing Nigeria Professional Football League match.

KANO FOCUS reports that the match day 21 which was played at the Sani Abacha Stadium, Kofar-Mata, Kano, was watched by a large crowd.

Mustapha Ibrahim scored a brace with goals in the 48th and 52nd minutes, while Rabiu Ali, Auwalu Malam and Umar Shehu scored a goal each in the encounter.

The visitors scored a consolation goal in the 82nd through a penalty.

Speaking after the match, Chief Coach of Kano Pillars, Audu Maikaba, commended his players for what he described as an excellent performance.

“You know every match comes with its challenges, and we always take it as it comes. Today’s encounter was interesting and our boys played well and thank God we won the game,” said Mr Maikaba.

He assured that the team would perform better in its subsequent matches.

The coach explained that the team had put modalities on ground to win its upcoming away match against Katsina United.

On his part, Assistant Coach of Sunshine Stars, Ifeanyi Nwachukwu, said his team tried their best but lost to a good side.

“It is unfortunate that we lost the match but that’s football, you win some you lose some. We are going to work hard to cover up our lapses in our next encounter,” he said.

Kano Pillars now have 36 points from 21 matches, occupying third position on the table.

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EFCC arrests 11 suspects accused of selling new Naira notes in Kano

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Nasiru Yusuf Ibrahim

 

Operatives of the Kano Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested 11 suspects for their alleged involvement in the sale of new naira notes for commercial purposes.

KANO FOCUS reports that the suspects were arrested on Monday, February 19, following fruitful intelligence that un-masked a syndicate of fraudsters operating along Lagos Street, adjacent to the Central Bank of Nigeria, Kano.

A statement published on EFCC Facebook said the syndicate allegedly specialized in selling naira notes.

It added that five members of the syndicate were arrested with new naira notes being sold to the public. Six bankers who were alleged to be selling the naira notes to the sellers on commission were also arrested.

The statement noted that the suspects will soon be arraigned in court upon conclusion of the investigation.

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