Fidelity bank card banner Camano banner
MTN Nigeria gets deadline to pay $5.2 billion NCC fine

By News Express on 30/10/2015

Views: 2,977


Nigeria’s telecoms regulator said Thursday it has set a November 16 deadline for South African mobile giant MTN to pay a $5.2 billion fine for failing to disconnect unregistered SIM cards.

“The deadline set for the payment of the fine is November 16,” Nigerian Communications Commission (NCC) spokesman Tony Ojobo told AFP.

“The key issue is if MTN breached the law or not. Certainly, there was a breach. And if there is a breach, we will apply the law.”

Early in August the NCC issued a directive to mobile telecoms companies operating in Nigeria to deactivate all unregistered SIM cards within seven days or face severe sanctions.

MTN – Africa’s largest telecoms firm – missed the deadline to deactivate its 5.1 million unregistered subscribers, prompting a 200,000 naira ($1,000) fine for each unregistered SIM.

The penalty saw the company's shares crash on the Johannesburg Stock Exchange and raised questions about the renewal of its licence in Nigeria next year if the fine goes unpaid.

MTN had more than 62.8 million subscribers in Nigeria by the second quarter of this year.

Senior officials of the Nigerian government, the NCC and MTN began talks in Abuja on Thursday to thrash out a solution to the matter, Ojobo confirmed.

But he did not specify what precise sanctions MTN could face.

Under the law, the NCC’s powers include “granting or revoking of permits for connection of customer equipment” and “determination of services and new undertakings eligible for licensing from time to time.”

On what would happen if MTN failed to meet the deadline, Ojobo said: “When we get to the bridge, we will know how to cross it. The deadline set for the payment of the fine is November 16.”

“If the situation will change in any way, then the government at the top will have to so direct. But for now, the mood is to apply the law.” (AFP)

Source News Express

Posted 30/10/2015 12:55:21 PM

 

 

CLASSIFIED ADS

 

You may also like...
End of the road for ISIS terrorists

DIG Peace Ibekwe-Abdallah ‘most favoured to succeed Ibrahim...

Customs gives vehicle owners one month to pay...

Jonathan moves to appoint Shekarau, 3 others as...

Governor sacks civil servant over Facebook comments •NLC...

Appraising the Lagos@50 campaign, By Chido Nwakanma

Do we really need full time legislators?

Hajj Reporters hails Nigeria’s quick response to maltreatment...

Corruption: Coalition drags Surulere (Lagos) LG Chairman before...

Skye Bank: Customers storm ATMs in panic withdrawal...

Forces in the current power struggle in Nigeria,...

2019 Elections: Nigerians disappointed, angry — Kukah

 

Latest News How Fulani vigilante will work in South East — Miyetti Allah Chairman Police shortlist candidates for recruitment Boko Haram kills 29 in fresh Borno onslaught Troops eliminate dozens of terrorists, recover weapons Imo: Okorocha, wife carted away 67 vehicles, ADC 5, Task Force alleges JAMB withdraws UTME results of 4 candidates Akpabio parading fake results, INEC tells Akwa Ibom tribunal Niger Delta leaders urge adequate funding of Amnesty Programme, hail Dokubo No going back on August 1 clampdown on number plates violation — FRSC World Bank giving $4bn grants to states ― NGF boss 24 bandits killed in Kaduna, Kano, Niger states 2019 Elections: Tribunal adjourns hearing of Atiku, PDP’s petition to July 1

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (499,001 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (427,501 views) Shameless Genevieve Nnaji exposes breasts in public (367,890 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (313,594 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (278,388 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (245,091 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (235,665 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (217,699 views) 10 cars more expensive than Jets (215,605 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (205,904 views) Lagos plane crash: Journalist releases victims’ names (185,792 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,861 views)

 

NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,328) Business Verdict (75) Columnists (1,056) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (627) Features (767) Global Business Monitor (384) ICT Monitor (53) International (3,628) Interview (185) Live Commentary (30) Love Matters (162) Maggie's Blog (314) News (47,847) Opinion (1,268) Pidgin (17) Politics (11,073) Religion (1,033) Sports (2,053) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera