1[23A. Fines and penalities to be credited to the Federal Consolidate Fund.__All fines and
penalities recovered by the Authority shall be credited to the Federal Consolidate Fund. ]
24. Powers of Administrator.__(1) An Administrator appointed under subsection (3) or sub
section (4) of section 23 shall have such powers relating to the management of the licensee, the
preservation of assets and for the purpose of remedying any contravention of the conditions of any
licence and for ensuring compliance with any orders issued by the Authority as may be prescribed.
(2) Having satisfied that the contravention leading to the appointment of Administrator has been
remedied or the order of the Authority has been complied with the Authority shall withdraw the order
appointing the Administrator and the Administrator shall forthwith hand over the management of the
licensee to the person from whom such management was taken.
(3) The Authority or the Administrator shall not be liable for any loss or damages caused by any
act or omission of the Administrator undertaken in good faith.
25. Accounting procedures, investments and contracts._(1) The Authority may require any
licensee to establish and maintain specified accounting procedure in order to enable the Authority to
obtain all relevant information required for determining the tariff under section 26 or for exercise any
other power of the Authority under section 5.
(2) Accounting procedures once established may only be modified by the Authority after
providing reasons and an opportunity of being heard to the licensee.
(3) No licensee shall enter into any agreement or arrangement which is inconsistent with any
obligation of the licensee under this Act, the rules or any condition attaching to its licence; and any
such agreement or arrangement shall to such extent be void.
26. Tariffs. The level of tariffs for telecommunication service including basic telephone services
shall be regulated by the Authority in accordance with the regulations and the following general
principles namely:__
(a) the regulations shall be made with a view to achieving the greatest possible degree of
pricing flexibility and stability compatible with safeguarding and protecting the interests
of consumers;
1 Ins. by Act XVII of 2012, s.11.
Page 22 of 46