What must be done to make naira rise again – Reno Omokri

“Is it a coincidence that a former senior staff of FIRS is on that board? Are there some conflict of interest issues here? The Economic and Financial Crimes Commission should be looking into this. This is an anti-trust violation and unfair competition. In the United States, multiple firms that tried this faced congressional sanctions and billion-dollar fines, plus people went to jail.

READ ALSO:

• Over 30 feared dead as tanker explodes in Imo forest
• OAUTHC sacks 2,000 health workers over illegal recruitment
• Senate summons CBN governor over weak naira, inflation

 “Why would the NCC allow a foreign telecommunications company, officially branded a hostile monopoly by the Ghanaian government, to get away with monopolistic tendencies in Nigeria? Ernest Ndukwe, a former Executive Vice Chairman of the NCC is on that board, as is my acquaintance, Omobola Olubusola Johnson, a former Minister of Communication Technology. How can they sit on the board and watch such a travesty unfold?

“And why would a staff of the NCC undermine a Nigerian telecommunications firm on behalf of MTN, a foreign dominant player, using information that was not verified and has since been debunked? Are there people in NCC trying to undermine the efforts of the Tinubu administration to revamp the economy and strengthen the naira?”

While maintaining that MTN is responsible for some of the most significant capital flights out of Nigeria, he said: “Together with Airtel, they are responsible for almost $20 million leaving the Nigerian economy for South Africa and India every day. It will be a shame if Nigerian officials help them to undermine the Nigerian economy as they have done in Ghana.”

What must be done to make naira rise again – Reno Omokri