MTN paid 275bn SIM infraction fine — NCC
Executive Vice Chairman of NCC, Prof Umar Danbatta, made this known in a statement in Abuja
Danbatta spoke on the state of MTN fine payment at the valedictory service organised for the Minister of Communications, Mr Adebayo Shittu in Abuja.
He said following a negotiated reduction of the N1.04 trillion fine on MTN Nigeria to N330 billion and in line with the staggered payment arrangement, MTN has, so far, paid N275 billion to the Federal Government.
Danbatta said that part of the fallout of the negotiated terms of payment of the fine is the listing of MTN on the Nigerian Stock Exchange (NSE), and this is being done.
“What this means, according to the staggered arrangement, is that May 31, 2019 would be the deadline for the telecoms company to pay the sixth and final tranche of the balance of N55 billion…….read more
Source: The Nation