NCC Defends Telcos On Failed Bank Transactions

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Nigerian Communications Commission (NCC) has recently revealed that the multiple failing electronic transactions are not to be blamed on telcos as the country’s telecommunication networks can absorb the surge in the demand for cashless transactions that have been recorded since late 2022.

 

The clarification was made by the Executive Vice Chairman, NCC, Prof. Umar Danbatta, disclosed this during an event to commemorate the ‘2023 World Consumer Rights Day’ in Abuja on Wednesday.

 

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He explained, “By the time cashless banking fully took off in late 2022, the connectivity platforms on which electronic transactions ride have become robust to the extent of being able to absorb the surge in demand for cashless transactions.”

 

He also stated that further the commission has continued to implement policy that ensured improved access to broadband connectivity and has through its Computer Security Incident Response Team constantly alerted consumers to cyber threats that could have led to the compromise of their financial profile through the execution of malicious codes by threat actors.

 

Danbatta explained that the launch of 5G in the country will increase the deployment of telecom infrastructure which will trigger a high demand for data services which will result in increased energy consumption for the network infrastructure.

 

He also commented on the theme, ‘Empowering Consumers through Clean Energy Transition,’ he stated that it was time for the industry to begin to explore green and sustainable power solutions.

 

He explained, “Owing to the overall energy challenges of the nation, the 54,000 Base Transceiver Stations scattered across the country depend on diesel generators with the attendant noise and environmental pollution.

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