• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Tuesday, June 30, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

Nathaniel Irobi by Nathaniel Irobi
January 9, 2026
in News
0
NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions
0
SHARES
13
VIEWS
FacebookTwitterWhatsappEmailTelegram

In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the two regulators have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors.

In a press statement signed by Nnenna Ukoha , Head, Public Affairs
Nigerian Communications Commission,
The framework is the outcome of several months of engagements involving the NCC, the CBN, Mobile Network Operators (MNOs), Value Added Service (VAS) providers, Deposit Money Banks (DMBs), and other relevant stakeholders. These engagements were prompted by a rising incidence of failed airtime and data purchases, where subscribers were debited without receiving value and experienced delays in resolution.

RelatedPosts

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

Minister Champions Economic Independence for Nigeria’s Widows

Katsina Police Nab Seven Armed Robbers, Hunt Fleeing Accomplices

The Framework represents a unified position by both the telecommunications and financial sectors on addressing such complaints. It identifies and tackles the root causes of failed airtime and data transactions, including instances where bank accounts are debited without successful delivery of services. It also prescribes an enforceable Service Level Agreement (SLA) for MNOs and DMBs, clearly outlining the roles and responsibilities of each stakeholder in the transaction and resolution process.

Under the new framework, where a purchaser is debited but fails to receive value for airtime or data—whether the failure occurs at the bank level or with an NCC licensee—the purchaser is entitled to a refund within 30 seconds, except in circumstances where the transaction remains pending, of which the refund can take up to 24 hours.

ALSO READ:  CONYSSA DG Slams Police Over Arrest Of Peace Corps Commandant

The framework further mandates operators to notify consumers via SMS of the success or failure of every transaction. It also addresses erroneous recharges to ported lines, incorrect airtime or data purchases, and instances where transactions are made to the wrong phone number.

Speaking on the development, the Director of Consumer Affairs at the NCC, Mrs. Freda Bruce-Bennett disclosed that the framework also establishes a Central Monitoring Dashboard to be jointly hosted by the NCC and the CBN. According to her, the dashboard will enable both regulators to monitor failures, the responsible party, refunds, and track SLA breaches in real time.

“Failed top-ups rank among the top three consumer complaints, and in line with our commitment to addressing these priority issues, we were determined to resolve it within the shortest possible time,” she said.

“We are grateful to all stakeholders—particularly the Central Bank of Nigeria and its leadership—for their tireless commitment to resolving this issue and arriving at this framework, and for ensuring that consumers of telecommunications services receive full value for their purchases.

“So far, pending the approval of management of both regulators on the framework, MNOs and banks have collectively made refunds of over N10 billion to customers for failed transactions.”

Mrs. Bruce-Bennett further noted that implementation of the framework is expected to commence on March 1, 2026, once the two regulators have made final approvals, and technical integration by all MNOs, VAS providers and DMBs is concluded.

Tags: CBNData TransactionsNCC
Previous Post

Lagos Assembly Passes ₦4.44 Trillion 2026 Budget

Next Post

Rivers: Impeachment Motion Against Fubara Not Linked to Wike – Lawmaker

Nathaniel Irobi

Nathaniel Irobi

Related Posts

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

ISWAP Arrests: Nigeria Orders Security Sweep for 2027 Hajj Pilgrims

by Nathaniel Irobi
June 29, 2026
0

The Independent Hajj Reporters (IHR) have demanded compulsory pre-registration security screening for all Nigerian pilgrims bound for the 2027 Hajj,...

Minister Champions Economic Independence for Nigeria’s Widows

Minister Champions Economic Independence for Nigeria’s Widows

by Nathaniel Irobi
June 29, 2026
0

Widows from 21 clusters across the Federal Capital Territory gathered at the Sen. Remi Tinubu Skills Empowerment Village, Abuja, at...

Katsina Police Nab Seven Armed Robbers, Hunt Fleeing Accomplices

Katsina Police Nab Seven Armed Robbers, Hunt Fleeing Accomplices

by Nathaniel Irobi
June 29, 2026
0

The Katsina State Police Command has detained seven suspected members of an armed robbery syndicate, recovering stolen items and weapons...

Next Post
Rivers: Impeachment Motion Against Fubara Not Linked to Wike – Lawmaker

Rivers: Impeachment Motion Against Fubara Not Linked to Wike – Lawmaker

FG Inaugurates Artificial Insemination, Livestock Care Centres in Sokoto

FG Inaugurates Artificial Insemination, Livestock Care Centres in Sokoto

Recommended

Late Eustaquio Strike Sends Bafana Bafana Crashing Out

Late Eustaquio Strike Sends Bafana Bafana Crashing Out

24 hours ago
Customs Rakes in N111bn at Tincan Port in May

Customs Rakes in N111bn at Tincan Port in May

5 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Nasarawa Governor’s Aide Empowers 250 Women In Karu

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (836)
  • Education (278)
  • Entertainment (435)
  • Health (258)
  • National (3,366)
  • News (10,707)
  • Opinion (456)
  • Politics (2,244)
  • Science (15)
  • Security (421)
  • Sports (746)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform