MTN Accepts To Pay N1.04 Trillion Fine


Though pleading for staggered payment model, MTN has agreed to pay the N1.04 trillion fines slammed on it last week by the Nigerian Communications Commission (NCC).

MTN was fine by Nigeria telecoms regulatory body the NCC 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.