Telecommunications Operators Refuse To Accept NCC’s Latest Requirements

 Telecommunications operators have refused the Nigerian Communications Commission’s (NCC) Corporate Governance requirement on the repatriation of funds.

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The operators expressed their disapproval of the requirement during the public inquiry draft guidelines, which stated that licensees must acquire written approval from the telecom regulator before repatriation of funds.

Companies refusing to accept this requirement are IHS Nigeria, ATC Nigeria and Airtel Nigeria. These firms argued that the new law would deter investments as it contradicts Nigeria’s current law about repatriating funds by foreign firms working in Nigeria.