MTN Nigeria says the N50 billion it paid to the Federal Government was part payment of the N780 billion fine imposed on it by the Nigerian Communications Commission [NCC] for failing to deactivate 5.2 million non-registered subscribers on its network.
Mr. Funso Aina, Public Relations Manager of MTN Nigeria confirmed the N50 billion as part payment on the fine in a text message response to Business Journal enquiry on the issue last night.
The telecom operator has also withdrawn the legal action it filed against the NCC at a Federal High Court in Lagos.
The CEO of MTN Nigeria, Moolman, said the telecom operator decided to withdraw the case in “renewed steps towards a negotiated settlement and to create a conducive atmosphere for further negotiations.”
The operator said in a statement: “MTN Nigeria has paid N50 billion to the Federal Government as a gesture of good faith and commitment to continued efforts towards an amicable resolution.
This is a most encouraging development. It demonstrates a willingness and sincerity by both parties to work together towards a positive outcome. Along with the authorities, it is clear that we are collectively committed to working towards a solution that is of mutual benefit to all parties.
Our industry in Nigeria is an incredibly important example of the remarkable progress in ICT, particularly as a much needed catalyst for socio economic growth and development at this time.”