Business & Economy

FEC Okays N1.8 Billion To Block Criminal SIM Traffic – Isa Pantami

The Federal Executive Council (FEC) has approved the sum of N1.8 billion to fast-track regulatory systems in the Nigerian Telecommunications sector in order to curb criminal activities.

Brand News Day Nigeria reports that Minister of Communications and Digital Economy, Prof. Isa Pantami, made this disclosure in a press briefing with State House correspondents in Abuja on Wednesday after a cabinet meeting presided over by President Muhammadu Buhari came to an end.

Pantami stated that the system will assist the Nigerian Communications Commission (NCC) to moderate, monitor, fish out and block SIM box traffic being used for dubious or suspicious transactions.

Advertisement

The minister who further added that the newly signed budget would reduce voice traffic termination fraud and boost revenue generation by the government, citing that the use of an international number would always attract higher taxes.

According to him, “the first memo that was approved by FEC is for the deployment of regulatory systems in the telecommunications industry to be implemented by the NCC.

“The system has two components; number one is the deployment of a regulatory system to monitor, detect and block SIM box traffic. It is going to be implemented at the cost of N804.12 million by the NCC.

Advertisement

“This deployment is to fight what is called voice traffic termination fraud. The system will support our country in two major ways of addressing challenges of insecurity”.

FEC Okays N1.8 billion To Block Criminal SIM Traffic – Isa Pantami

Moving on, the Minister said: “Sometimes, you will receive a call with a local number that is (dubiously) set up as an international number; sometimes, a call can come in but the number will not show.

“Sometimes, you will receive a call with a cloned number so you need to investigate further to know who actually made the call”.

Advertisement

Patanmi reiterated that these systems being managed by the NCC will be able to immediately address such criminal tendencies on behalf of the Nigerian government,” the minister said.

The minister added that the second component in the same memo is the deployment of a regulatory system to monitor, detect, block, and call masking traffic at the cost of N1.05 billion.

“This will enhance revenue generation by our government because the use of any international number will attract higher tax but if it appears as a local number, government would be short-changed,” he said.

Advertisement

Patanmi said that the president has already approved the deployment of the systems to enhance the security of all citizens, especially mobile phone users. He also stated that President Buhari approved the distribution of 6,000 e-pad mobile devices by the NCC to tertiary institutions across the country.

“In the northern parts of the country, 2400 of such devices will be distributed; the same number for the southern parts.

“A special allocation will be made for Abuja and Lagos where both of them will share the remaining 120 units of devices,” he added.

Advertisement
Facebook Comments
Brand News Day

Recent Posts

Stanbic IBTC Bank Nigeria PMI: New Order Growth Sustained In March, But Higher Fuel Costs Lead To Surge In Prices

Stanbic IBTC Bank Nigeria PMI - Growth slowed in the Nigerian private sector at the…

3 weeks ago

LIRS Extends Deadline For Filing Individual Annual Returns To April 14, 2026

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual…

3 weeks ago

Stanbic IBTC Hosts Maiden Nigeria Business Summit Aims To Drive Sustainable Growth Across Key Sectors

Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of…

3 weeks ago

WARC Global Advertising Trends: FIFA World Cup 2026 Predicted To Drive $10.5 Billion Surge In Ad Spend

The FIFA World Cup 2026 will be the biggest in the tournament’s history, hosted across…

1 month ago

Stanbic IBTC Economic Summit Delivers Strategic Framework For Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical insights into portfolio positioning at the…

2 months ago

BREAKING: President Tinubu Nominates Taiwo Oyedele As Minister Of State For Finance

President Tinubu has nominated the Presidential Committee on Fiscal Policy and Tax Reforms chairman, Mr…

2 months ago

This website uses cookies.