The Chief Executive Officer of Jaiz Bank, Hassan Usman has hailed the Nigerian Communications Commission (NCC) for its effort at making telecom services affordable to Nigerians.

Usman, who stated this at the Commission headquarter last week, noted though Nigeria has not reached the promised land of telecom regulation, the NCC deserves commendation for its regulatory efforts in ensuring a telecom reality that can easily be benchmarked against what is happening in other countries.

“NCC must be applauded for its efforts in ensuring effective regulations aimed at protecting the rights and interests of consumers of telecom services as well its efforts that have now made telecoms services more affordable to the majority of Nigerians,” he said.

The Management of Jaiz Bank, Nigeria’s first Islamic non-interest commercial bank, had paid a familisation visit to the Commission (NCC) to seek areas of collaboration between the two corporate entities.

At the visit, Usman affirmed that the fact that ICT had become crucial to the development of every sector of the economy with positive multiplier effects in the life of every business and Nigerian, NCC deserves commendations. 

He admitted that banks currently rely on broadband Internet to provide efficient and effective services through seamless connectivity for intra and inter-banking services provision, stressing that NCC’s efforts in further deepening access to seamless broadband connectivity to businesses and individuals have been of tremendous benefit to Jaiz Bank. 

Meanwhile, Yakubu Gontor, Director, Finance Services at NCC, who received the bank’s team on behalf of Prof. Umar Danbatta, the Executive Vice Chairman of NCC, thanked the Bank’s Management for its recognition of the regulatory role of the NCC in deepening access to broadband, which has enhanced promotion of digital financial inclusion in the country. 

Gontor noted that, though the Commission, like other Ministries, Departments and Agencies (MDAs), now remits directly to the Treasury Single Account (TSA) domiciled with the Central Bank of Nigeria (CBN), is paid from the TSA by the CBN as directed by the Federal Government. 

Gontor, however, called on the Bank to patronise the staff of the Commission to open accounts since its has enticing packages at low-interest rates to support mortgaging and loans. Gontor also tasked the Staff Cooperative of NCC to leverage on the opportunities at Jaiz Bank to source funding to build its proposed Staff Estate at Lugbe.


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