NCC Don Launch New Telecom Governance Guidelines, E Get Heavy Penalty

Lagos, Nigeria – Di Nigerian Communications Commission (NCC) no dey joke as dem launch fresh corporate governance guidelines for telecom industry on Wednesday. Dis new rules dem dey carry wahala for any company wey no go follow am. E fit include revocation of license, board dissolution, heavy fines, suspension of license, and all di shakara wey come with am.

Dr. Aminu Maida, di Executive Vice Chairman of NCC, clear say dis governance matter dey重要 for di sustainability of di telecom industry. E explain say strong boards go help manage capex, energy, site-security strategies, and cyber resilience – meaning dem go fit reduce outages, protect data, and improve customer experience. (We no go lie, na wetin we dey find!)

“Di Guidelines on Corporate Governance, 2025 na serious matter wey go make sure say telecoms industry dey resilient, ethical, and innovative,” Maida talk. Dem research from last year show say companies wey get better governance dey perform well in service, dey comply with NCC rules, and dey enjoy better financial results too. So, good governance no be just to follow rule; na strategy for success wey go last long.

Dem guidelines dey meant to ensure say board dey balanced. Dis go involve Executive Directors (EDs), Non-Executive Directors, and Independent Non-Executive Directors (INEDs). Dem even reason say make Chair and CEO no be di same person to fit bring sector-specific expertise into di Board, especially in ICT and cybersecurity.

Though implementation go start next year, Maida assure say NCC go dey work with stakeholders to make sure say di rollout no go get wahala. Dis na di kind teamwork we need; even di CEO of Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, talk say na good corporate governance go fit lift di Nigerian economy from di ground. (Na true talk, we dey too quick to blame government, but wetin we dey do for our side?)

Di takeaway be say di new guidelines na serious warning to telecom companies make dem step up their game, or else dem fit catch fire. No be as dem dey say ‘eye on di prize’ again, now na ‘eye on governance’ be di new motto!