Mr Ijagwu said the regulations sought to unlock the market to allow local participants alongside foreign partners, in line with free market principles.

”These measures benefit Nigerians by reducing abusive practices, improving transparency, strengthening consumer choice, and encouraging responsible innovation by legitimate operators.

”We are aware that some vested interests and their foreign collaborators are opposed to the creation of safe markets and fair competition, therefore resorting to a campaign of disinformation.

”At the commencement of the framework in July 2025, affected operators were granted an initial 90-day compliance period to regularise their products, structures, and operations.

”That opportunity was not utilised within the prescribed timeframe, specifically in the telecom sector.

”The compliance window was subsequently extended until January 5 but in spite of that further extension, necessary compliance steps were still not completed by the relevant operators,” he said.

Mr Ijagwu said that many telecom operators failed to register and regularise their services.

He urged consumers and members of the public to disregard false and misleading narratives on the issue.

The director said the FCCPC was committed to protecting consumers, promoting fair competition, encouraging responsible innovation, ensuring transparent digital financial practices.

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