MTN finally agrees to pay N1.04 fine

MTN finally agrees to pay N1.04 fine

While pleading for staggered payment model, MTN has finally bowed to pressure as it has accepted to pay the N1.04 trillion fine slammed on it last week by the telecoms regulatory authority, the Nigerian Communications Commission (NCC).

Accordingly, the telecoms operator was fine for violating its directive on SIM deactivation. This follows series of meeting held between MTN management team from South Africa and Nigeria with the Vice President, Prof. Yemi Osinbajo. The telecoms operator which has largest subscriber base in Nigeria, it was gathered, may have agreed to pay the fine to sustain the interest of its telecoms business. Read more

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