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.

Prof. Umar Danbatta, Executive Vice Chairman of NCC said this on Monday in Abuja when MTN Group, led by its Chairman in Nigeria, Dr 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 N330billion.

It 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.

“I am happy to inform you that our agreement with MTN on how and when to pay the fine has been adhered to.

“Just last month, March, we received a cheque of N55billion from MTN as part of the fine payment plan.

“This brought the total fine paid by MTN Nigeria to N165billion, that is, more than half of the fine

“It is a whopping sum of money and they have not defaulted and these payments they are making is consistent with the terms of agreement we reached with them ‘’ he said.


He said that the installmental payment was in line with the terms of agreement reached between MTN and the regulatory body.

According to Danbatta, the fine is aimed at ensuring that it is not business as usual but to ensure that the rules of engagement are respected.

“It is also to ensure that the rules governing the telecom sector of the economy is adhered to.

The NCC boss said that the commission would continue to cooperate with the telecom company because of its major contributions to the economic and digital growth of the nation’s economy.

Earlier, Chairman of MTN Nigeria said Nigeria was one of the largest contributors to its market and the visit was to cement the relationship between it and NCC.

Dozie appealed to NCC to auction more spectrums to further open up the ICT space and improve the country’s economy.


http://www.akelicious.net/2018/04/sim-fine-mtn-pays-n165bn-out-of-n330bn.html

FTC! For the very first time Too bad it happened with this kinda news trend. MTN?? Hiss

N165 ke ?
One litter of petrol money

165 naira?

Seriously?

No wonder their network is getting worse

No wonder browsing has been slow recently

ANOTHER
ELECTION
MONEY
MAKING

What did they do with the money?

Okay. We have heard

Homepage says 165 naira

no wonder

FG for just use this money buy Etisalat, rename am to NITEL.

Okay. We have heard
Meanwhile, the thunder that will fire glo is still doing rehearsals

Kk

I borrowed 300 on my mtn line since then i refuse to load card, last week they sent me a text "your line is inactive recharge today and get special offer" that was on april ist oohh, after loading the recharge card with speed of light fiamm dem commot am... I just see another text "thanks for using mtn"


i hail una

Op wetin MTN do your life. 165 naira bawo.

On which account is d money going? U only hear about d money but won't be informed again how it is spent. The money that will soon grow wings and fly away. This is d money dt should be used to better d life of Nigerians but you won't hear anything about it again. Corrupt government led by corrupt people. Mcheeeeeew!

Mtn data bundles at the cheapest prices ever! View my profile...

What does the govt do with the money, guess it lands in private accounts as usual

Who's indirectly paying the fine. . . #theMASSES

lol!

This is huge! Why can't they just take 10% of it and collapse it into corps members allowance, jerking it to twice of its current amount?
There's no justice in this country.

Where all this money dey enter, I mean who they supervise aw d money take dey waka

now i see.is that reason why i load 100 naira on my sim and money disappear and since then they have been sending me msg to subcribe to one useless plan

Abajo, no wonder, if I load 100 naira I no go talk reach 4 minutes dey go tell me say I minute remaining.

N165