Tinubu did not approve new airtime credit operators, says FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports suggesting that President Bola Tinubu has approved new operators for airtime credit. The commission stated that it has no knowledge of such approvals and was not involved in the process. This clarification comes amid circulating claims about the introduction of new entities in the airtime vending sector. The FCCPC emphasized its role in overseeing market practices and consumer protection within the telecommunications industry.

This clarification is important for consumers and existing businesses to understand the official regulatory stance on airtime credit operations and to prevent potential confusion or fraudulent activities.