Tuesday, November 25, 2025
30.4 C
Lagos

NCC, Lottery Commission Inaugurate Consumer Protection Committee

L-R: Banji Ojo, Head, Consumer Policy Development and Monitoring, Nigerian communications Commission (NCC); Olayemi Ajayi, Director, Legal Services, National Lottery Regulatory Commission (NLRC); Adeleke Adewolu, Executive Commissioner, Stakeholder Management, NCC; Chizua Whyte, Head, Operator Relation and Correspondence, NCC and Obi Iregbu, Deputy Director, Licensing and Regulatory Services, NLRC, at the inauguration of a joint-committee to review existing Memorandum of Understating (MoU) between the two agencies in Abuja recently.

The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) in Abuja set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country.

The Committee, which was inaugurated at the NCC Head Office in Abuja, was tasked with the responsibility of articulating measures to address mutual regulatory issues, including the review of revenue-sharing formula between Mobile Network Operators (MNOs) and lottery operators.

The NCC’s Executive Commissioner, Stakeholder Management (ECSM), Barrister Adeleke Adewolu, who presided at the meeting comprising senior staff of the two agencies, recalled fondly previous engagements between the agencies and stated that the committee was important in order to review and update an NCC-NLRC Memorandum of Understanding (MoU), which was signed on the 6th of August 2018 but has now expired.

The ECSM said the Commission is committed to regulatory collaboration and strategic partnerships and has carefully reviewed NLRC’s requests and is convinced that both organisations can conclusively address issues and other concerns that have been identified in the operation of lotteries in the telecom industry.

“We expect that the Joint Committee of senior members of staff in both organisations will work closely to develop a collaborative framework to progressively improve gaming service delivery for telecoms consumers and further accelerate holistic development in Nigeria’s digital economy,” Adewolu stated.

In addition, the ECSM reiterated that the Committee is expected to articulate a new MoU to address issues around revenue sharing between MNOs and lottery operators, the need to review and recommend a workable model for addressing the needs of both organisations, and present informed recommendations to deepen regulatory collaboration between the two regulatory agencies.

“Given the strong professional pedigree of the members of this Joint Committee, I have no doubt that they will meet and even exceed the expectations of the Managements of both the NCC and the NLRC, and I wish you all success in this task,” Adewolu added.

Speaking on behalf of the Director-General, NLRC, Lanre Gbajabiamila, the Director, Legal Services, NLRC, Olayemi Ajayi, expressed her organisation’s commitment to improving revenue generation from the lottery industry while appreciating NCC for being receptive to inter-organisational collaborations.

Ajayi reiterated the need for renewal of the expired MoU with amendments to accommodate new provisions that will be favourable to stakeholders and fast-track the development of Nigeria’s digital economy.

Ajayi assured that, “The NLRC is working tirelessly to ameliorate its functions and service delivery to stakeholders. Therefore, this renewed collaboration with NCC will help for better and efficient service delivery by both agencies.”

spot_img
spot_img
spot_img

Hot this week

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Stanbic IBTC Pension Managers Highlights Innovation at ART X Lagos

As ART X Lagos celebrated its tenth year, exploring...

Union Bank Unveils “Save & Gain” Campaign to Reward Smart Savers

Union Bank of Nigeria, one of Nigeria’s most trusted...

Fidelity Bank Reaffirms Support for Indigenous Oil, Gas Development

L – R: Executive Director -South, Mrs. Pamela Shodipo;...

Stanbic IBTC Pension Managers wins Best PFA Nigeria 2025 at Global Banking & Finance Awards

With a legacy built on trust, innovation, and results,...

Topics

South African Airways Flies on Bio-kerosene

South African Airways have flown their first bio-kerosene fuelled...

Emirates Officially Reinstates Flights to Nigeria, Engages CBN

“Emirates welcomes the Central Bank of Nigeria’s move to...

Travelstart Nigeria Launches Interswitch Payment Gateway

In a quest to make travel simpler with easy...

Africa50 Appoints Alain Ebobissé as CEO

The Board of Directors of Africa50 has announced the...

Indian Achieves 1OOm Mobile Phone Manufacturing Capacity

The manufacturing capacity of mobile phone factories in India...

NAICOM: NIIRA 2025 Represents a New Era for Insurance Business in Nigeria

The National Insurance Commission (NAICOM) has expressed its profound...

ACAMB Champions Bankers Wellness with Aerobics Fitness Session

As part of its commitment to promoting a healthier...

Sales Superstars Shine: Prudential Zenith Life Honors Top Achievers at Gala Night

Prudential Zenith Life Insurance hosted its annual Sales Gala...
spot_img

Related Articles

Popular Categories

spot_imgspot_img