The The Nigerian Communications Commission and the National Lottery Regulatory Commission have set up a committee to protect the interests of telecommunications consumers from fraudulent practices that may assist mobile lotteries in the country.
The committee, which was inaugurated at the NCC’s headquarters in Abuja, was tasked with conveying measures to manage mutual regulatory issues, including reviewing the formula for revenue sharing between mobile network operators and lottery operators.
NCC Executive Commissioner, Stakeholder Management, Adeleke Adewolu, who chaired the meeting comprised of senior executives from both agencies, spoke about past engagements between the agencies.
He said the committee was important to review and update an NCC-NLRC Memorandum of Understanding, which was signed on August 6, 2018 but has now expired.
“We expect the joint committee of senior executives from both organizations to work closely together to develop a collaborative framework to gradually improve the delivery of gaming services to telecommunications consumers and further accelerate holistic development. of Nigeria’s digital economy,” said Adewolu.
According to the ECSM, the commission engaged in regulatory collaboration and strategic partnerships and carefully considered the NLRC’s applications.
He noted that he was confident that the two organizations could conclusively resolve the problems and other concerns that had been identified in the operation of lotteries in the telecommunications industry.
The ECSM reiterated that the committee should develop a new MoU to address revenue sharing issues between MNOs and lottery operators, the need to review and recommend a workable model to meet the needs of both organizations, and make informed recommendations to deepen regulatory collaboration. between the two regulatory bodies.
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