MTN Nigeria Communications Plc (MTN), has paid the sixth and
final instalment of N55 billion to the Nigerian Communications
Commission (NCC).
This completes MTN’s payment of the N330 billion negotiated
settlement agreed between the NCC and the company in 2016.
According to Tobechukwu Okigbo, MTN’s chief corporate relations
officer, the successful resolution of the fine was the outcome of
active collaboration between the NCC and MTN.
“We are very pleased to have completed the payment of the N330
billon negotiated settlement with the NCC,” he said.
“We are particularly gratified to be in a position to have fully
met the terms of the settlement within the agreed timeframes.
“I would like to thank the NCC for their constructive and
collaborative approach to this issue, and believe that we emerge
from it with a stronger relationship, focused on ensuring maximum
value is delivered to our people, from a strong and growing
telecoms sector.”
MTN and the NCC reached a negotiated settlement in relation to
the fine imposed on MTN in 2015 as a result of a dispute over the
disconnection of unregistered SIM cards amongst its subscriber
base.
More to follow…