NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
SIM fine: MTN pays N165bn out of N330bn

By Constance Athekame, Abuja on 10/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 420

•MTN Nigeria Chairman, Dr Pascal Dozie
•MTN Nigeria Chairman, Dr Pascal Dozie

 

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 N330 billion.

MTN initially made a commitment payment of N50 billion 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 N55 billion from MTN as part of the fine payment plan.

“This brought the total fine paid by MTN Nigeria to N165 billion, 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 MTN and NCC.

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

 

 

Source News Express

Posted 10/04/2018 04:59:16 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Rivers: Celebration time for rural women as Princewill...

BREAKING NEWS: Senate confirms Amaechi, 17 other ministerial...

Northern elders berate governors

2015: I HAVE NO INTEREST IN THE PRESIDENCY...

EFCC in manhunt for the owner of N448.85m...

Arrest, detention of Radio Biafra Director a case...

Pictured: More troops head for North-East to confront...

Senate vows not to rubber stamp Buhari’s 2017...

Anambra security agencies brainstorm on strategies for improved...

British police swoop on Nigerian passengers at Heathrow...

Ekweremadu replies EFCC on Anti-Corruption Ambassador Award

Uber strikes gold in Nigeria, eyes expansion to...

 

Latest News Violence mars APC meeting; 3 killed during fracas, many wounded 2019: Okorocha vows to crush Madumere •Weeds out loyalists from government 3 soldiers, 2 Civilian JTF die in showdown with Boko Haram •Troops gun down 3 terrorists ‘2,000 medical doctors leave Nigeria yearly’ 3rd Force pitches tent with Nigerian workers ahead of May Day, launches PVC-Ballot revolution for 2019 in Lagos 3 masqueraders in police net over attack on church in Anambra FG not serious about wooing foreign investors — Sanusi Gunmen kill 22 farmers in Ortom’s town World Bank jacks up share capital by $13 billion Who wins Big Brother Naija’s N45m? APC group, PDP, SDP, Obasanjo’s CNM, others to form new party Forex: IMF Seeks Unified Exchange Rate Regime

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,295 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,210 views) Shameless Genevieve Nnaji exposes breasts in public (267,429 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (219,902 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,886 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,853 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,621 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (154,975 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (146,914 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,711 views) Lagos plane crash: Journalist releases victims’ names (136,673 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,399 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,065) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (482) Features (568) Global Business Monitor (262) International (1,920) Interview (149) Live Commentary (28) Love Matters (116) News (34,651) Opinion (915) Pidgin (10) Politics (4,800) Religion (722) Sports (1,483) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement