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

Debit Card vs Credit Card: How to Choose the Right Card for Every Expense

Understanding what happens to your money after a payment...

Leadway Cares Expands to More Nigerian, Côte d’Ivoire Communities

Leadway Group, a foremost non-banking financial services and wellbeing...

NCC, NDPC, FBRA, MTN Nigeria Confirm Participation at Africa Sustainability Forum 2026

The Nigerian Communications Commission (NCC), Nigeria Data Protection Commission...

CIIN Cements Institutional Partnership with Insurance Meets Tech for 5th Edition

L-R: Registrar/CEO and Secretary to Council, Chartered Insurance Institute...

CAMCONIA: Bankole Banjo of SanlamAllianz Emerges New Chairman

The Corporate Affairs Managers Committee of the Nigerian Insurers...

Topics

Transcorp Power: N91.2bn Profit Before Tax, 38% Revenue Growth in 2025

Transcorp Power Plc, one of the power subsidiaries of...

Bolt, Fixit45 Collaborate to Improve Access to Autocare Services

L-R: Femi Akin-Laguda, Country Manager, Bolt and Justus Obaoye,...

MTN Connects 240m Subscribers, 30m Data Users

MTN Group has announced an encouraging set of results...

CIIN President, Registrar Honour The Nation’s Insurance Editor at Father’s Burial

L-R: Mr. Edwin Igbiti, President/Chairman of Council, Chartered Insurance...

Applause as Ecobank Rewards Xpress Point Agents

Ecobank Nigeria has rewarded its Agency Banking partners, also...

CBN Revokes Licence of Heritage Bank over Financial Incompetence

The Central Bank of Nigeria (CBN), in accordance with...

QUESTIONS TO ASK BEFORE BUYING OFF-PLAN PROPERTY

BY DENNIS ISONG Purchasing a property off-plan is a good...

Stanbic IBTC, Standard Bank Listed Among Top African Corporate Brands on LinkedIn

  Stanbic IBTC Holdings PLC and its parent company, Standard...
spot_img

Related Articles

Popular Categories

spot_imgspot_img