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We’re working on win-win regulatory approach to ease rising cost of production for telecom operators – NCC

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Concerned about the high cost of production in the telecom industry, the management of the Nigerian Communications Commission (NCC) has promised the operators a friendly regulatory approach to ease their operation.

The NCC Executive Vice Chairman (EVC), Dr. Aminu Maida, said this while hosting the management of Airtel Networks Limited in Abuja recently.

He said: “Indeed, the rising cost of business is affecting every sector. We are also looking at a win-win regulatory approach, but we need to be careful to avoid over-regulation, as over-regulation is inimical to competition in the industry.”

“The NCC has recently undertaken the review of all categories of licences, both class and individual, with a view to ensuring that our licensees are still able to work well within their capital and operating expenditure (COPEX),” he added.

In the same vein, Maida during the visit by the Airtel delegation said, in line with regulatory approach, the Commission considers it critical to have a win-win strategies and regulatory framework in place to ensure sustainability of the telecom industry.

“It’s critical for the NCC and telcos to develop win-win strategies for the Nigerian telecom industry so that everybody gets value. The Minister has a blueprint, the President has the Renewed Hope Agenda, and they need to achieve it while telcos need to deliver value to the customers,” he said.

Maida, who need that competition is key to the healthy growth of the telecoms sector, said the Commission will give closer attention to managing the competition in the industry.

“We are more inclined to promote competition by creating a level-playing ground for all our licensees.”

The NCC boss explained that the Commission is looking at all sides of the issue on competition in the sector.

The Airtel Network delegation was led by the company’s Chief Executive Officer, Carl Cruz, who congratulated the EVC for his appointment by the President and confirmation by the Senate.

Cruz said while the Commission deserves commendation for its competition regulatory policies and frameworks, which it has put in place over the years, such efforts must be sustained to ensure a healthy competitive environment for telecom licensees.

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Chukwu Keynote, Other Speakers  For SUPERNEWS AI Confab ’25

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Chukwu Keynote, Other Speakers  For SUPERNEWS AI Confab ’25

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Managing Director/CEO, Cowry Asset Management Limited, Mr Johnson Chukwu is the keynote speaker at the Forthcoming SUPERNEWS Nigeria Artificial Intelligence (AI) Confab 2025, holding on Thursday, June 19th 2025 at Oriental Hotel, 3 Lekki Road Victoria Island Lagos at 10am.

Chukwu will be speaking on the theme, Power of AI: Enhancing Efficiency And Customer Satisfaction For Better Financial Services Experience.

Other renowned experts lined up for  the event include the  Founder/CEO, ZER Consultating Africa, Mrs Adeolu Adewumi-Zer, the Fmr. Managing Director, Hilal Takaful Insurance Limited, Mrs Thaibat Adeniran, the National President, Bank Customers Association of Nigeria (BCAN) Dr Uju Ogubunka and the Head Financial Institutions Ratings, Augusto & Co, Mr Ayokunle Olubunmi.

According to the Convener of the conference,  the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi, the choice of Johnson Chukwu as  the keynote speaker is a reflection of his extensive professional background, diverse expertise and profound knowledge of the financial services sector and economy.

Mr. Johnson Chukwu is the chairman and founder, Cowry Assets Management Ltd,  prior to the establishment of Cowry Asset Management Limited, he  has been actively involved in the Nigerian capital market and was instrumental to the establishment of one of the most vibrant capital market operator, as the pioneer General Manager/Chief Executive Officer of Guardian Express Trust Limited (now Spring Capital) – a subsidiary of Guardian Express Bank Plc (now Spring Bank Plc).

Before joining Cowry Asset Management Limited on a full-time basis in October 2007, Mr. Chukwu was between February 2006 and September 2007 a Deputy General Manager and Group Executive, Operations of Spring Bank Plc.

Mr. Chukwu is a Bachelor of Science (B.Sc.) second class upper degree holder in Accounting and a University of Lagos Scholar. He also holds an MBA from Lagos Business School (Pan African University).

His banking career also includes a 3-year stint as the Deputy Financial Controller of Diamond Bank Plc (1997 – 2000) and 5 years experience with Intercontinental Bank Plc (1992 – 1997) where he worked in Credit and Marketing (Trade Finance), Financial Control, Treasury Operations, and Branch Operations.

Among his professional qualifications are Fellowship of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation.

He has attended several courses both locally and internationally including IESE Business School (University of Navarra) Barcelona, Spain; Wharton Business School (University of Pennsylvania) Philadelphia, USA among others.

The  epoch making event, which will be bringing together regulators, key stakeholders in the financial services, ICT sector, informal sector and small business owners will be chaired by the Group Chairman of the Nigerian Exchange Group, Alhaji (Dr) Umaru Kwairanga.

The confab will focus on how AI is redefining the financial services sector, accelerating
automation, customer engagement, risk management and fraud prevention.
It is a learning opportunity designed to enhance awareness, deepen understanding of
participants on the imperative and use of AI in rendering banking, capital market, pension
and insurance services cheaper, faster and conveniently.

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GOCOP to Launch Book, raise Fund for Media Center

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GOCOP to Launch Book, raise Fund for Media Center

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Guild of Corporate Online Publishers (GOCOP) has announced the public presentation of its book, Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing, on Tuesday, June 17th at Abuja Continental Hotel, at 10.00am.

According to a press statement by GOCOP Publicity Secretary, Ogbuefi Remmy Nweke, this highly anticipated event promises to be a significant milestone in the literary and publishing landscape.

He quoted GOCOP President, Ms Maureen Chigbo, to have said that the event will feature a Fundraiser for the N2.3 billion GOCOP MEDIA CENTRE, a multi-purpose resource centre comprising a secretariat, a 21st Century library and event halls, among others.

Chigbo further said that “this landmark publication chronicled the transformative journey of Nigeria’s media landscape, highlighting the pivotal role of online publishing in shaping public discourse, enhancing transparency and fostering national development.

“It is a testament to the resilience and innovation of Nigerian media practitioners in the digital age,” she said.

The event, she said, will bring together distinguished personalities from government, media, private sector, academia and civil society to reflect on the challenges and opportunities in online publishing and its critical role in nation-building.
GOCOP which currently has 120 members was established to ensure that online publishers uphold the tenets of journalism in doing their jobs. Its membership is a constellation of editors and senior journalists, whom, having distinguished themselves in their various stations in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally.
The book aside tracing the historical trajectory of online journalism in Nigeria is also a veritable contribution towards enriching the discourse on civil liberties, press freedom and the role of the media in the sustenance of democracy, the statement added.

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Kwara Court Jails Tailor for Impersonating, Defrauding EFCC Investigator

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Kwara Court Jails Tailor for Impersonating, Defrauding EFCC Investigator

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin, Kwara State, has sentenced a 27-year-old fashion designer, Haruna Musa Tolani, to 12 months imprisonment for impersonating and defrauding Callitus Egwuonwu, an investigating officer with the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate.

Tolani, an indigene of Ilorin East Local Government Area of Kwara State, was initially arraigned on a two-count charge bordering on impersonation and cybercrime on January 28, 2025 and pleaded not guilty, but later changed his plea to guilty after overwhelming evidence was presented by counsel to the EFCC, Sesan Ola.

Count one of the charge reads:

“That you Haruna Musa Tolani in August,2024 at Ilorin within the jurisdiction of this Honourable Court with intent to defraud, misrepresented yourself via electronic message sent through unstructured supplementary service data (USSD) to Access Bank Plc. With respect to account number 0022643389, property of Mr Callistus Egwuonwu, with which you purchased N20000.00( Twenty Thousand naira) worth of MTN data which resulted into loss to the owner of the account and you thereby commit an offence contrary to and punishable under Section 14(2) of the cybercrime (Prohibition and Prevention) Act, 2015”

Similarly, count two reads:

“That you Haruna Musa Tolani sometime in August,2024 at Ilorin within the jurisdiction of this Honourable Court fraudulently impersonated one Callistus Egwuonwu via electronic message sent through unstructured supplementary service data (USSD) to Access Bank Plc with respect to account number 0022643389, property of Callistus Egwuonwu with intention to purchase MTN data worth Twenty Thousand Naira (20,000.00) which you did purchase and thereby committed offence contrary to Section 22(2)(b)(ii) of the cybercrime (Prohibition and Prevention) Act,2015 and punishable under Section 22(2)(b)(iv) of the same Act”

In his judgment, Justice Awogboro imposed a 12-month custodial sentence on Tolani with an option of a fine of N200,00( Two Hundred Thousand Naira). The court also ordered the forfeiture of a First Bank manager’s cheque of N200,000 in favour of the victim and directed the convict to restitute the sum of N20,000, the amount he fraudulently obtained.

Tolani bagged his imprisonment when he was arrested for internet fraud. He was charged to court, pleaded guilty and convicted.

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