Sunday, December 21, 2025
24.8 C
Lagos

N1tr Fine: NCC Issues November 16 Deadline to MTN

The Nigerian Communications Commission (NCC) says it has issued a November 16, 2015 deadline to MTN Nigeria to pay the N1 trillion penalty it imposed on the mobile operator for failing to disconnect 5.2 million unregistered SIM cards on its network.

Mr. Tony Ojobo, Director, Public Affairs of NCC told the AFP: “The deadline set for the payment of the fine is November 16.” “The key issue is if MTN breached the law or not. Certainly, there was a breach. And if there is a breach, we will apply the law.”

Ojobo confirmed however that talks were on-going between the NCC, MTN Nigeria and government officials in Abuja on the issue. On the issue of likely sanctions on MTN, Ojobo said the powers of the NCC under the law include “granting or revoking of permits for connection of customer equipment” and “determination of services and new undertakings eligible for licensing from time to time.”

And on MTN failing to meet the November 16 payment deadline, he said: “When we get to the bridge, we will know how to cross it. The deadline set for the payment of the fine is November 16.”

“If the situation will change in any way, then the government at the top will have to so direct. But for now, the mood is to apply the law.” The NCC had issued a directive in August to mobile operators to deactivate all unregistered SIM cards within a period of seven days or face severe penalties.

According to the NCC, MTN Nigeria could not deactivate an estimated 5.2 million unregistered SIM cards on its network within the stipulated seven day deadline. It therefore imposed the N1trillion sanction on the operator to the tune of N200, 000 per each unregistered SIM card.

The fine caused rapid crash of MTN’s shares on the Johannesburg Stock Exchange and raised speculations on the renewal of its GSM licence in 2016 if it fails to pay the fine.

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Enhances Maternal and Child Healthcare Delivery at ESUTH

L-R: Public Relations Officer, Enugu State University Teaching Hospital...

Polaris Bank Champions Girls’ Hygiene Awareness with Female Hygiene Essentials in Schools

Polaris Bank has continued its commitment to empowering the...

Sterling Bank Champions Collective Action to Accelerate Nigeria’s Renewable Energy Transition

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of...

BUA Foods Hosts Minister of State for Industry, NSDC on Tour of LASUCO Sugar Company  

  BUA Foods Plc recently hosted the Hon. Minister of State for Industry,...

PenCom Unveils PenCare Initiative for Retirees Across Nigeria

The National Pension Commission (PenCom) has established the PenCare...

Topics

Africa’s Smartphone Market Grows 4.4% in Q3

Africa's smartphone market bounced back from two consecutive declines...

Linkage Assurance:  Strong Partnership with Brokers Reason for Market Growth

L-R:  Mr. Rotimi Olukorede, Chairman, Nigerian Council of Registered...

West Africa CIO Summit 2018 Warns Against Digital Deadlock

International Data Corporation (IDC) hosted the sixth annual edition...

World Telecom & Information Day Targets ICT Entrepreneurship

The World Telecommunication and Information Society celebrated the fact...

AccorHotels: A Record Year of Growth, Development in Africa

Straight from the African Hotel Investment Forum (AHIF) in...

Economist Unveils 6-Point Economic Plan for Buhari Administration

Professor Akpan Ekpo, Director-General, West African Institute For Financial And Economic Management (WAIFEM) has drawn a 6-Point Economic Plan for the in-coming Buhari Administration sustainable economic renaissance on the back of regime support for the private sector as growth engine of the economy. The 6-Point Plan is anchored on Reduction of Unemployment, Infrastructure, Human Capital, Diversification, Utilisation of Foreign Reserves and Poverty Reduction. Ekpo said for the country to make progress, the regime must continue to support the private sector as the engine of growth, given that the sector exists in an economic system managed by government.x

HRM Igwe Maduagwuna of Awba-Ofemili Commends The Village Priest Author, Remmy Nweke

His Royal Majesty, Igwe Ezekwesili Maduagwuna, Ofemili I of...

CIIN Unveils Insurance Broking Book to Spur Professionalism

Mr. Edwin Igbiti President/Chairman of Council Chartered Insurance Institute of Nigeria...
spot_img

Related Articles

Popular Categories

spot_imgspot_img