ATCON: ‘No Comment’ on $3. 9bn NCC, MTN Saga

The Association of Telecommunications Companies of Nigeria [ATCON] has declined to comment on whether MTN Nigeria should pay the $3. 9 billion fine imposed on it by the Nigerian Communications Commission [NCC] or refuse to pay.

Mr. Olusola Teniola, President of ATCON, said in Lagos yesterday that he has ‘No Comment’ on the issue of payment of the fine.

Rather, he said the official position of ATCON is for continous consultation and dialogue between the NCC and MTN Nigeria and other relevant stakeholders to settle the matter amicably.

“Our position is that consultation and dialogue are crucial in resolving all contending issues. ATCON supports our members to operate optimally and we also have our Code of Conduct guiding our members.”

Teniola lamented that most rich Nigerians do not invest in the Information & Communications Technology [ICT] sector in the country.

He said the sector is being driven largely by foreign investment, rather than local funds.

He listed some of the challenges facing the sector as multiple taxation, multiple regulation and foreign exchange hiccups.

He appealed to the Federal Government to declare the ICT industry as priority area in terms of accessing forex at official rate to support robust growth of the sector.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

Ecobank Marks 14th Ecobank Day Across Nigeria, Empowering Students with Digital Skills for the Future

Hope Fountain Foundation for the Deaf, Agege, Lagos. Ecobank Nigeria...

Leadway Named Insurance Company of the Year at 2026 BusinessDay BAFI Awards

L–R: Chief Executive Officer, Creato Urban Limited, Odion Aleobua;...

Emergency: Rising Prices Worsen Nigeria’s Food Insecurity—Orodata

Rising food prices and the high cost of nutritious...

Fidelity Bank Excels at 2026 BAFI Awards, Wins Two Awards

L-R: Mobolaji Sunmoni, Team Lead, Upstream; Abimbola Ogunyemi, Team...

Fidelity Bank: Celebration of Beauty Industry Excellence

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe...

Topics

INEC Seeks More Powers on Use of Tech for Elections

INEC Chairman, Prof. Mahmood Yakubu (left) and some Senators...

VBank Continues Dominance in Sports Development

The V Shitsuke Flag Football league championship (Season 5)...

Allianz Nigeria Delivers on 60 Minutes Motor Claims Settlement

  Allianz Nigeria makes good her promise to settle motor...

Africa Finance Corp Appoints CBN Governor, Yemi Cardoso, as Board Chairman

Africa Finance Corporation (AFC), the continent's leading infrastructure solutions...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

CBN Sanctions First Bank, UBA, Zenith, Others over ATM

The Central Bank of Nigeria (CBN) has imposed a...

Stanbic IBTC Holdings Tasks Employees on Digitization, Upskilling

Stanbic IBTC Holdings PLC, a member of Standard Bank...
spot_img

Related Articles

Popular Categories

spot_imgspot_img