Nigeria: Telecoms Giant MTN Pays Half of Nigeria's Hefty Fine
20 April 2018
The Nigerian Communications Commission (NCC) said that MTN has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards.
Umar Danbatta, Executive Vice Chairman of NCC said this on Monday in Abuja when MTN Group, led by its Chairman in Nigeria, Pascal Dozie, visited the commission.
In October 2015, the telecom regulator imposed a fine of N1.04 trillion on MTN Nigeria for not complying with government's rule on deactivation of unregistered SIM cards.
Also, the fine was imposed on MTN for not disconnecting about 5.1 million improperly registered lines in its network within the stipulated deadline.
After several appeals and negotiations including diplomatic intervention by the South African government, the fine was reduced to N330 billion.
MTN initially made a commitment payment of N50billion to the government while the remaining balance of N280 billion was to be paid in six tranches in accordance with the agreements between the regulator and MTN.