MTN Nigeria says it has paid
N30 billion Naira into the Nigerian Communications Commission (NCC’s) Treasury
Single Account (TSA) with the Central Bank of Nigeria (CBN) as part payment of the
N780 billion Naira fine imposed on it by the NCC.
Last year, a total fine of
N1.04trillion was slammed on the telco over subscriber identity module (SIM)
card registration infraction concerning some 5.2million improperly registered
lines on its network.
The fine was first reduced
to N780billion by the Federal Government but was later reduced to N330 billion.
The telco first paid N50billion in ‘good faith’ after withdrawing the court
case it instituted against the regulator.
The final resolution was that the balance of N280 billion would be paid by the telco in six
tranches between 2016 and May 31, 2019.
Its CEO, Ferdi Moolman,
said: “I am pleased to announce that the first payment of N30 billion in the
terms of settlement has already been disbursed to the NCC in addition to the
earlier payment of N50 billion which we paid in good faith and without
prejudice on February 24, this means we have now paid a total of N80 billion.”
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