- Acknowledges receipt of payment of N50bn by firm
Dele Ogbodo in Abuja
The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, on Monday said government’s team will deliberate on the merits and demerits of the terms of payment of the fine imposed on MTN by the Nigerian Communications Commission (NCC).
MTN was initially fined N1.04 trillion but later reviewed downward to N780 billion for its failure to deactivate invalid SIM cards as directed by the Commission, an act that contravened the provisions of the regulation on SIM card registration.
In a signed statement by NCC’s Director of Public Affairs, Mr. Tony Ojobo, which was made available to the media in Abuja, Malami acknowledged the receipt of payment of N50 billion by MTN to government coffers dated Monday. However, Ojobo did not state the new terms for the payment of the fine.
The statement said: “On the basis of out of court settlement, the Federal Government team, is expected to deliberate on the merits and demerits of the terms of payment of the fine imposed on MTN by the Commission for its failure to deactivate invalid SIM Cards as directed by the Commission, thereby contravening the provisions of the regulation on SIM Card Registration.
“NCC, wishes to affirm Federal Government’s receipt of the Sum of N50,000,000,000 (Fifty Billion Naira Only), towards settlement of the fine imposed on MTN Nigeria Communications Ltd by the Commission, and its withdrawal of Suit No FHC/1923/2015 – MTN Vs. NCC & HAGF.”