Press Statement
Joint Press Statement Requirement For Prior Regulatory Approval on Changes in Shareholding/Ownership Structure of Communications Companies
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) hereby inform the general public, investors, and all stakeholders in the communications sector on compliance requirements regarding changes in the ownership structure of licensed communications companies in Nigeria.
This requirement is pursuant to the provisions of Section 90 of the Nigerian Communications Act 2003 (NCA 2003), Regulation 28 (2) of the Competition Practices Regulations, 2007, and Regulation 42 of the Licensing Regulations, 2019, which collectively empower the NCC to oversee and review transactions affecting licensees and promote fair competition.
Effective immediately any proposed transfer of ownership or control of shares in a licensee of the Nigerian Communications Commission, amounting to ten percent (10%) or more of the total share capital, as well as any series of share transfers which in aggregate exceed ten percent (10%) of the total share capital of the Licensee shall require a Letter of No Objection from NCC in order for the changes to be effected and registered with the CAC.
By this measure, the CAC will ensure that all requests for change in shareholding structure amounting to 10% or more, submitted for registration by telecommunications companies are duly supported by evidence of NCC’s prior consent and approval.
The requirement is designed to preserve a fair and competitive market structure within the communications sector by preventing direct or indirect anti-competitive practices, while strengthening regulatory oversight of significant changes in ownership and control. It will further promote transparency, investor confidence and regulatory certainty and safeguard the long-term sustainability and stability of the industry.
The NCC and the CAC reaffirm their shared commitment to advancing a transparent, stable, and competitive business environment in Nigeria. Both agencies will continue to work closely to promote regulatory certainty, ensure fair market practices, and support the orderly and sustainable development of Nigeria’s Communications Sector.
Signed: Nnenna Ukoha
Director, Public Affairs
Nigerian Communications Commission (NCC)
Rasheed Mahe
Head, Public Affairs
Corporate Affairs Commission (CAC)
Press Statement
City Boy Movement Sacks Oyo State Coordinator, Ahmed Ajibola Over Misconduct
..Appoints Oladiti As New State Coordinator
The City Boy Movement (CBM) has removed Ahmed Ajibola as its Oyo State Coordinator following disciplinary proceedings over allegations of gross misconduct, insubordination and conduct deemed prejudicial to the interests of the movement.
Ajibola’s removal comes barely two months after the Movement issued him a formal notice to show cause, demanding that he respond to several allegations contained in a petition submitted against him.
On the 2nd of June, 2026, a notice signed by the Director-General of the City Boy Movement, Hon. Francis Oluwatosin Shoga, Ajibola was accused of making abusive, insulting and derogatory remarks against the national leadership of the Movement, including the Director-General.
The petition also alleged that he made offensive comments concerning the Movement’s Patron, Barr. Seyi Tinubu, directed derogatory remarks at President Bola Ahmed Tinubu, engaged in acts of insubordination and disrespect towards constituted authority.
Other allegations included challenging a leader of the movement in state to a physical confrontation, allegedly creating division and factionalisation within the Oyo State chapter, and engaging in conduct capable of bringing the image and reputation of the City Boy Movement into disrepute.
The Movement had directed Ajibola to submit a written defence within 48 hours, warning that failure to provide a satisfactory response could result in further disciplinary action.In a related development, the leadership of the City Boy Movement has appointed Hon. Adewale Oladiti as the new State Coordinator for Oyo State.
According to his appointment letter dated August 6th, 2026, Oladiti’s appointment was based on his commitment, grassroots engagement and willingness to contribute to the growth and advancement of the organisation in Oyo State.The appointment letter also clarified that the State Coordinator reports directly to the Oyo State Director of the City Boy Movement and operates under the Director’s authority, supervision and overall leadership. It further stated that the State Director remains the principal head and chief coordinating authority of the Movement in Oyo State.
E-signed:
Hon. Francis Oluwatosin Shoga,Director-General, City Boy Movement.
August 6, 2026.
Press Statement
Oyo NUT Welcomes Release of Abducted Teachers, Pupils, Commends Government and Security Agencies
The Nigeria Union of Teachers (NUT), Oyo State Wing, has welcomed the release of teachers and pupils abducted in Oriire Local Government Area, describing their freedom as a significant relief for the education community.
In a statement jointly signed by the union’s Chairman, Comrade Hassan Ajibola Fatai, and Secretary, Comrade Olukayode Salami, the NUT said the victims’ safe return had brought joy to teachers, pupils, parents and education stakeholders across the state. The union noted that the incident tested the resilience of the education sector but commended teachers for remaining united while hoping and praying for the safe return of their colleagues and learners.
The NUT expressed appreciation to President Bola Ahmed Tinubu, Governor Seyi Makinde and security agencies for their roles in the rescue efforts. It also acknowledged the support of the union’s national leadership, traditional rulers, religious leaders, labour organisations, civil society groups, media organisations and members of the public who stood by the affected families during the period of captivity.
The union urged governments at all levels to strengthen security around schools and communities, stressing that teachers and learners should be able to carry out educational activities in a safe environment. It reaffirmed its commitment to working with government and other stakeholders to promote safe schools and quality education across Oyo State.
Press Statement
NCC Reaffirms Partnership With NIPR to Strengthen Nigeria’s Telecom Sector
The Nigerian Communications Commission (NCC) has reaffirmed its commitment to collaborating with the Nigerian Institute of Public Relations (NIPR) and other stakeholders to promote a resilient, sustainable and competitive telecommunications industry.
The Executive Vice Chairman and Chief Executive Officer of the NCC, Dr. Aminu Maida, made the commitment while receiving an NIPR delegation led by its President, Dr. Ike Neliaku, at the Commission’s headquarters in Maitama, Abuja. Maida said the NCC would continue working with professional bodies to promote public awareness, responsible communication and stakeholder engagement on issues affecting the telecommunications sector.
He congratulated the NIPR on securing the hosting rights for the 2026 World Public Relations Forum, describing the achievement as a reflection of strategic communication and effective national representation. He also urged the institute to leverage the forthcoming African Telecoms Union Conference of Plenipotentiaries, scheduled to hold in Nigeria in July 2026, to further project the country’s image internationally.
The NCC chief said the Commission is implementing public awareness campaigns on the protection of Critical National Information Infrastructure (CNII), efficient data usage, simplified telecom tariffs, and other regulatory initiatives aimed at improving accountability and encouraging competition.
According to Maida, recent reforms have helped restore investor confidence and attract fresh investment into the telecommunications sector. Responding, NIPR President Dr. Ike Neliaku commended the NCC’s commitment to stakeholder engagement and expressed the institute’s readiness to collaborate on initiatives that promote responsible communication, reputation management and public awareness of the Commission’s regulatory programmes.
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