32.3 C
Nigeria
Wednesday, November 30, 2022

Read Online

MTN: ‘N50bn to FG is Part Payment on N780bn Fine’

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The telecom operator has also withdrawn the legal action it filed against the NCC at a Federal High Court in Lagos.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.”

Business Journal
We deliver business news that are professionally crafted and tailored to give you business freedom and expression that is aimed at increasing your spirit of enterprise.

Related Articles

- Advertisement -

Stay Connected

20,300FollowersFollow
3,590FollowersFollow
20,300SubscribersSubscribe
- CLICK TO DOWNLOAD -spot_img
- Proud Member -spot_img
- Advertisement -

Latest Articles