Speaker of the House, Femi Gbajabiamila, had set up a panel to carry out the probe, which is made up of Messrs Bamidele Salam , Jide Jimoh, Unyime Idem, Aisha Dukku, Sani Bala, Babajide Obanikoro, Abubakar Fulata and Chinedu Ogah, as well as sponsor of the motion, Sergius Ogun.
A member of the House, Sergius Ogun, while moving the motion, noted that under Section 4 of the NCC Act, Cap N97, Laws of the Federation of Nigeria, 2004, the Commission is saddled with the responsibility of facilitating investments in and entry into the Nigerian market for provision and supply of communication services, equipment and facilities.
He stressed that a community reading of the provisions of Sections 114 and 118 of the Act showed that the structure, governance, administration and control of the Universal Service Provision Fund shall be as determined or domiciled in the NCC. “The House is also aware that the Act empowers the NCC to receive 2.5 per cent of the annual turnover of the mobile telecommunication network operators as annual license renewal fee.