Sunday, September 28, 2025
27.2 C
Lagos

MTN Will Not Pay N1.O4O Tr NCC Fine

MTN Nigeria says it will not pay a dime or penny to the Nigerian Communications Commission [NCC] in respect of the N1.O4 trillion fine imposed on the telecom operator by the industry regulator for failing to deactivate unregistered SIM cards on its network.

A top official of MTN Nigeria confided in Business Journal that the telecom operator has perfected two grand strategies to avoid paying the fine to NCC.

“I can tell you that MTN Nigeria will not pay a single penny or dime to the NCC. We have already instructed the seven Senior Advocates of Nigeria [SANs] handling our legal action against NCC to keep the matter perpetually in court, up to the Supreme Court, by all means necessary until Buhari leaves office or Danbatta, Executive Vice-Chairman of NCC completes his five-year term.

Now, even if Buhari and Danbatta secure a second term, that would be eight and 1O years respectively, but we can keep the case in court beyond 1O years.”

The MTN official insisted that the operator cannot pay such huge fine without going under, arguing that what the NCC did was clearly in bad faith, not what they expected from a regulator.

He said the second strategy is to withdraw from Nigeria and expand to more African nations to make up for any revenue shortfall in terms of the Group.

“Our second strategy is to leave the Nigerian market entirely and expand into other territories in Africa and probably, the Middle East, to cushion the expected revenue gap from Nigeria.”

He called on Nigerians to prevail on the NCC to soft pedal on the fine, which he described as an attempt by the industry regulator to kill MTN Nigeria.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Arase, Adegboruwa, Aniagolu-Okoye, Ardo Lineup for GOCOP Confab’22

The 2022 conference of the Guild of Corporate Online...

INEC: One Party Fails to Nominate a Single Polling Agent for Anambra Election

REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION...

Mutual Benefits Assurance: 26 Years of Thanksgiving to God!

L-R: Ambassador Babatunde Ajisomo; his wife, Ronke Ajisomo, Director,...

Stanbic IBTC Unveils New Tagline “It Can Be”

Stanbic IBTC Holdings Plc, a member of Standard Bank...

Nigeria, 7 Others Plan Special Micro-Insurance Policies

Nigeria and seven other African countries are considering some...

NCC Extends Submission of Application for Hackathon

The Nigerian Communications Commission (NCC) has extended the deadline...

How Power Outages Threaten Nigeria’s Digital Economy Dream

By Elvis Eromosele Recently, I found myself inside a multi-storied...
spot_img

Related Articles

Popular Categories

spot_imgspot_img