By Hannah Job (ICT Correspondent/TnTvNetwork)
The Nigerian Communications Commission (NCC) is in the process of reviewing forex requests by Mobile Network Operators (MNOs) on foreign transactions. The NCC’s Executive Vice Chairman, Professor Umar Garba Danbatta, made this known at the stakeholders’ forum on framework for confirmation of Reasonableness of Service Requests at the Commission’s Headquarters in Abuja on Tuesday.
The NCC CEO who was represented by Mr. Bashir Idris, Head Competition and Tariff Unit of the NCC, said the review had become imperative considering the fact that there had been increase in volumes of foreign-based transactions by Nigerian telecom operators.
Futher adding that the commission had observed instances of over-quoted invoices, double submissions and untenured contracts.
According to the EVC, demand notices not backed by required valid contract agreements, result in raising queries or outright decline of the affected invoices. He said the Central Bank of Nigeria had sought the assistance of the commission to address the increased demand for foreign exchange and the attended challenges to ensure the country’s isn’t short-changed.
He further stated that the forum is for the principal stakeholders: Banks, operators and their overseas vendors and that the NCC have had three previous experiences in 2003, 2009 and 2013; this is a further review brought about by certain challenges that the Commission has noticed in the last couple of years.
The NCC boss however assured that the commission had included the Value Added Service (VAS) Operators and VAS Aggregators to the category of operators eligible to submit request to access Forex.