The House of Representatives has directed the Nigerian Communications Commission (NCC) to immediately carry out financial forensics on all telecoms operators in the country.
The directive came yesterday as telecoms operators in the country once seen as flourishing are today battling to survive.
The situation has forced some telcos to rationalize staff; some have moved their Network Operating Centres (NOCs); while some are faced with difficulties in meeting with their creditor obligations, with Etisalat Nigeria recent predicament of indebtedness being a typical example.
Saheed Akinade-Fijabi, Chairman, House Committee on Telecommunications, issued the directive in Abuja after an emergency meeting with the management of the NCC, led by Mr Sunday Dare, its executive commissioner (Stakeholder Management).
Fijabi said the action became necessary in order to determine the true situation of things in the operations of the telecoms operators in the country, to prevent further loss of revenue to the federal government and loss of jobs by Nigerians in the sector.
TheNewsGuru recalls what telecommunications operators are facing today was the same with Code Division Multiple Access (CDMA) operators which cumulated in distress of all the operators in the subsector of the industry.
When it started, stakeholders cried out to government and the NCC for intervention in order to save the operators of imminent distress to no avail.
