FG CONFIRMS MTN PAYMENT OF N50BN FINE

Communication minister, Adebayo Shittu, has acknowledged the receipt of n50 billion down payment by MTN Nigeria, out of the N780 billion imposed on it by the Nigeria communication commission (NCC).

The minister in a statement, also confirmed that MTN had withdrawn its suit filed at a federal high court against NCC, to challenge the imposition of the fine.

He said the N50 billion was paid by the telecommunication firm pending further negotiation on the fine.

MTN was fined N1.04 trillion last October 1, for failing to disconnect over five million unregistered sim cards from its network within the stipulated period.

NCC after pleading by MTN later reduced the fine to N780 billion.

DOWNLOAD THE ROCKCITYFM APP AND LISTEN LIVE

Please subscribe to our newsletter

CONTACT US

Do you have any request or enquiry? Do not hesitate to send us an email and we'll get back to you, asap.

Sending

©2021 RockcityFM The Voice of the People

Need Help? Chat with us
or

Log in with your credentials

or    

Forgot your details?

or

Create Account