MTN Withdraws Suit Against FG, Pays N50b Out Of N780b Fine

Published 3 years ago by: CLARA JANCITA
[1] 2
at 04:28 PM, 24/02/2016 (3 years ago)

(13866 | Hero) Online (f)


Leading telecommunications company, MTN Nigeria, has withdrawn its suit against the Nigerian Communications Commission (NCC) and paid the sum of N50 billion out of the N780 billion fine the NCC imposed on it.
The NCC had fined MTN Nigeria a record N1.04 trillion last October for failing to deactivate 5.1 million unregistered lines from its network.
Following weeks of high-level negotiation between the company and government officials, the fine was reduced to N780 billion.
Dissatisfied with the reduction, MTN dragged the Nigerian Government before a Federal High Court in Lagos, seeking to stop the payment of the fine, for which the NCC gave it a Dec. 31st 2015 deadline to pay.
However, last month, MTN Nigeria indicated its willingness to settle out-of-court.
A statement issued by the telecommunications company on Wednesday states that the sum of N50bn was paid to the federal government
Quote
“as a gesture of good faith and commitment to continued efforts towards an amicable resolution”.


MTN Nigeria’s CEO, Ferdi Moolman, while speaking on the new development, said:
Quote
“This is a most encouraging development. It demonstrates a willingness and sincerity by both parties to work together towards a positive outcome. We are hopeful at this stage. Along with the authorities, it is clear that we are collectively committed to working towards a solution that is of mutual benefit to all parties. Our industry in Nigeria is an incredibly important example of the remarkable progress in ICT particularly as a much needed catalyst for socio-economic growth and development at this time”.

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ficull at 04:34 PM, 24/02/2016 (3 years ago)
(2438 | Gistmaniac) (m)

They MUST pay the balance oooo. Those MTN has extorted us alot.
Reply
gogoman at 04:43 PM, 24/02/2016 (3 years ago)
(31866 | Addicted Hero) (m)

mmmmmmmm only in naija
Reply
Mykie010 at 05:07 PM, 24/02/2016 (3 years ago)
(6620 | Gistmaniac) (m)

Good one,after all,una don make am for naija
Reply
Eazyatumeyi at 05:09 PM, 24/02/2016 (3 years ago)
(14382 | Hero) Online (m)

Make them everything compensate there users too.
Reply
evilgenius at 05:44 PM, 24/02/2016 (3 years ago)
(598 | Upcoming) (f)

DSTV SHOULD ALSO LEARN HOW TO OBEY NIGERIAN LAW
Reply
Powerfulify at 06:24 PM, 24/02/2016 (3 years ago)
(1647 | Gistmaniac) (m)

Lol dem go make sure dey recover dat amount 4rm their users I bet u. Thieves
Reply
KOSHIMANA at 06:57 PM, 24/02/2016 (3 years ago)
(73 | Newbie) (m)

So y d shakara b4
Reply
winace at 07:25 PM, 24/02/2016 (3 years ago)
(30552 | Addicted Hero) (f)

Good for them
Reply
kp45 at 07:30 PM, 24/02/2016 (3 years ago)
(9963 | Hero) (m)

Good for them and DSTV take note.
Reply
kison at 07:41 PM, 24/02/2016 (3 years ago)
(19580 | Hero) (m)

MTN NEXT TIME be careful,be very very careful, CAREFULLLLLLLLL...............
Reply
ujmaria at 08:35 PM, 24/02/2016 (3 years ago)
(2256 | Gistmaniac) (f)

Let them pay the balance oh
Reply
zezprincess at 09:58 PM, 24/02/2016 (3 years ago)
(8070 | Hero) (f)

Hmmmm,south african company,they get money,so let them pay all.
Reply
emma4love3 at 10:49 PM, 24/02/2016 (3 years ago)
(15163 | Hero) Online (m)

Quote from: efe meana on 10:25 PM, 24/02/2016
Tonto Dikeh and Koranzo Doing Something Weird in Her Bedroom Despite She is Attach To a Man
WATCH THE VIDEO HERE:

come young man take this your video advert to somewhere no give us virus here....
Reply
emma4love3 at 10:51 PM, 24/02/2016 (3 years ago)
(15163 | Hero) Online (m)

aah aaah thats very good....them for sufer
oh becos nigerian now dey look for money
die.....thank God their lawyer advice to this
level.....we are all one....
Reply
imaria at 12:00 AM, 25/02/2016 (3 years ago)
(1925 | Gistmaniac) (f)

Deir problems not mine
Reply
Trueyarn at 06:19 AM, 25/02/2016 (3 years ago)
(10151 | Hero) (m)

Ok nah,Fed Govt don hammer,MTN make una pay our remaining money o.
Reply
Trueyarn at 06:20 AM, 25/02/2016 (3 years ago)
(10151 | Hero) (m)

Ok nah,Fed Govt don hammer,MTN make una pay our remaining money o,cos boys need am.
Reply
Trueyarn at 06:20 AM, 25/02/2016 (3 years ago)
(10151 | Hero) (m)

Ok nah,Fed Govt don hammer,MTN make una pay our remaining money o,cos boys need am.
Reply
benokafor at 10:51 AM, 25/02/2016 (3 years ago)
(125 | Upcoming) (m)

ENDTIME SUIT WITHDRAWAL plus ENDTIME MTN
Reply
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