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Home » 5G Auction: NCC Denies Knowledge of Bola Tinubu’s Connection To Mafab Communications Ltd
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5G Auction: NCC Denies Knowledge of Bola Tinubu’s Connection To Mafab Communications Ltd

DigitalTimesNGBy DigitalTimesNG16 December 2021No Comments3 Mins Read
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The Nigerian Communications Commission (NCC) has reacted to publications in some online media channels alleging the involvement of Senator Bola Ahmed Tinubu, former Governor of Lagos State, in Mafab Communications Limited, one of the winners of the 5G spectrum sold by the Commission in a public auction conducted on Monday, December 13, 2021, at the Transcorp Hilton, Abuja.

The NCC restated in a statement signed by its Director, Public Affairs, Dr. Ikechukwu Adinde and made available to DigitalTimesNG that consistent with the Commission’s long-established regulatory culture and tradition, the process leading to the auction of the 5G spectrum was open, fair and transparent in the most.

It said the public auction followed a rigorous due process and was witnessed by a cross-section of stakeholders as observers, including the media, the Association of Telecom Companies of Nigeria (ATCON), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as well as civil society groups.

“Mafab Communications Limited is a corporate entity duly licensed by the Commission to conduct telecommunications business. The company, which is in good regulatory standing with the Commission, currently holds international data access (IDA), inter-connect data exchange (IDE) and Value-Added Service (VAS) licences.

“It is pertinent to state that the Information Memorandum (IM) for the auction of the 3.5 gigahertz (GHz) spectrum clearly set out eligibility criteria for participation of interested bidders in the auction, which included that new companies could participate in the bid,” NCC said in the statement.

It noted that over the years, the Commission has had spectrum auctions and as an independent regulatory agency, has maintained an undisputable reputation of successful auctions based on openness, fairness and transparency, a fact it said, is widely acknowledged locally and internationally.

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“NCC’s auction proceedings conform to international best practice, devoid of any undue influence or interferences whatsoever,” the NCC said.

The Commission stated that a higher standard of integrity and openness was emplaced in the 5G auction as the process was, for the first time, witnessed by the public both physically and virtually through a link provided by it on its official website.

“The Commission would like to assure Nigerians that, following the successful auction of the 5G spectrum, it is prepared to drive the implementation of the next phase of the deployment of the new technology, in line with the Federal Government’s approved plan, for the benefit of all citizens,” the NCC further said in the statement.

#5G Auction #Bola Tinubu #Mafab Communications Ltd Featured NCC
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