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MTN reportedly agrees to pay N1.04 trillion fine by Nigeria NCC

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Telecommunication company, MTN, has reportedly agreed to pay the N1.04 trillion fine slammed on it by the Nigerian Communications Commission NCC for flouting the regulatory body’s directive on SIM deactivation. MTN is reportedly pleading for a staggered payment plan to pay-up the fine.

Vanguard quoted a source as saying that the agreement to employ the staggered payment model followed a series of meetings between top executives of MTN Nigeria and South Africa with VP, Prof. Yemi Osinbajo.

“There have been series of meeting at the Presidency between Vice President Osinbajo and MTN team both from South Africa and the Nigerian arm. MTN wanted a waiver considering their level of investments in the country, but government did not buy the idea of waiver. Instead, I think there will be concession, but certainly not a waiver. At the conclusion of the meeting, the MTN people negotiated on how to stagger the payment. The Presidency is even angry because MTN was a signatory to the regulation, but they are failing to comply with rules.” the source added.

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Comment(5)

  1. If anyone with half a brain was confined to a jail for 11yrs and given an option to study that would be achievable..If Mugabe had achieved this as a free man it would be worth much more.It is however unfortunate that though educated Mugabe remains possibly the most educated president as well as the biggest administrative failure the world has ever seen .Mugabe with his 7 degrees has presided over record inflation,runaway corruption,an economy in recession an unemployment level of over 80%, massive retrenchments, environmental disaster through deforestation, epic power outages, erratic water supplies,potholed roads the list continues.Mugabe’s education is his business and no way a measure of any competency from the standpoint of leadership, good for him and his ability to make Zimbabwe his personal property, if it takes 7 degrees to ruin a country in spectacular fashion then Mugabe achieved this through these degrees.

  2. He is a natural. You can see that he’s not pretending. He’s really into it and loving every second of it. I salute you Mr. President.

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