The Nigerian Communications Commission (NCC) has told all Mobile Network Operators (MNO) and Internet Service Providers (ISP) to fully integrate the industry's Code of Corporate Governance (CCG), particularly to protect the sector's several billion dollars of investments.
The regulator emphasised its Eight-Point Agenda, particularly the eighth one on operational efficiency and regulatory excellence. The Code has become part of the extant regulatory instruments for telecommunications operation in Nigeria, said Umar Danbatta, the executive vice-chairman of NCC.
Danbatta said direct and indirect investments in the telecom sector in the past sixteen years have amounted to over USD 68 billion, hence need for the Corporate Governance Code to guard against leadership mismanagement, unethical practices and unwholesome business structures. The code has been in existence for four years and was presented to relevant parties in 2016 at a forum.
Source: https://www.telecompaper.com/news/ncc-tells-operators-to-apply-code-of-corporate-governance--1208616
