Nigeria: MTN has paid part of its fine, but NCC has not seen any of it
21 October 2016
It appears the Nigerian Communications Commission (NCC) has not received any part of the fine paid by MTN because the Office of the Attorney General of the Federation (AGF) has not remitted the funds.
So far this year, MTN has paid N80 billion – N50 billion in February and N30 billion in June. This was sent to a recovery account opened by the AGF with the Central Bank of Nigeria, and it’s supposed to be transferred into NCC’s domiciliary account.
In September, NCC sent a request to the AGF, asking that the initial payments be transferred to their account, but the Office is yet to reply.
According to NCC’s Executive Vice Chairman, Umar Garba Danbatta, “We have written a letter to the AGF and Minister of Justice to remit the N80 billion so far paid, out of N330 billion total fine, by MTN into the NCC’s account domiciled at the CBN for onward transmission to Consolidated Revenue Account of the Federal Government.”
BusinessDay reached out to the Office of the AGF for comment, but it seems there’ll be no statement from that area. “I don’t have any information on the MTN fine payment. You should ask the MTN people about the letter to authorize payment they sent to the AGF” – that’s from a staff, if you can believe it.
MTN was fined last year for not deactivating unregistered SIMs before the deadline set by the NCC in August, 2015. After some back and forth, they finally reached an agreement and were asked to pay N330 billion over the course of four years.
The fine is supposed to be transferred into NCC’s domiciliary account before it is then sent to the Consolidated Revenue Account of the Federal Government. With this “little delay,” I’m wondering if someone somewhere doesn’t have plans to just “run away” with the money.
Source: Tech Cabal 19 October 2016