Wait, say what? MTN reportedly agrees to pay N1.04 trillion fine

Monday, November 2, 2015

Wait, say what? MTN reportedly agrees to pay N1.04 trillion fine

Telecommunication company, MTN, has reportedly agreed to pay the N1.04 trillion fine slammed on it by the Nigerian Communications Commission NCC for flouting the regulatory body's directive on SIM deactivation. MTN is reportedly pleading for a staggered payment plan to pay-up the fine.

Vanguard quoted a source as saying that the agreement to employ the staggered payment model followed a series of meetings between top executives of MTN Nigeria and South Africa with VP, Prof. Yemi Osinbajo.