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Lagos, NCC Caution Banks Against Faulty Masts

Lagos, NCC Caution Banks Against Faulty Masts

Against imminent danger, the Lagos State government, through the Ministry of Physical Planning and Urban Development (PPUD) has called on banks and other financial institutions in the state to maintain their existing communications masts

In a related development, the Nigerian Communications Commission (NCC) has shut down the New Ring Road Branch of First Bank of Nigeria in Ibadan, and the Alabaka branch of the same bank in Akure, over illegal use of the 5.40 GHz frequency band, which is licensable in Nigeria.

NCC’s enforcement team led by Mr. Efosa Idehen, who stormed both banks discovered that the frequencies are being illegally used at the banks and also served their officials with warrants of arrests for illegal use of licensable frequencies, thereby denying the Federal Government the revenues accruable from these resources.

The warning by URFU, according to Igbokwe, became necessary following the incessant collapse of masts and towers in the state, damaging property worth billions of naira and in some cases, claiming lives of people and leaving many in critical health conditions.

According to him, “the whole essence of regulation is to forestall the incidence of mast collapse in the state, which has claimed lives and destroyed property worth billions of naira in the past.”

NCC informed that at the Ibadan raid, officials of the bank mounted resistance to the enforcement activities resulting in its Operation Manager being and refusing to lead them to the bank’s server room, to enable them isolate the equipment.

He, therefore said the exercise is a continuous one from the one already carried out in various states of the federation and wondered why some of the banks are still illegally using these frequencies when they were not licensed to operate on them.

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