NCC confirmed it received N50 billion from MTN last
wednesay in down payment to settle fines imposed on the firm, after it flouted
regulatory directives to deactivate invalid sim cards on its network.
The Nigerian Communication Commission says a team of
federal negotiators is deliberating terms under which the mobile communications
firm MTN will pay a balance of N730 in fines.
NCC confirmed it received N50 billion from MTN last
wednesay in down payment to settle fines imposed on the firm, after it flouted
regulatory directives to deactivate invalid sim cards on its network.
MTN has also withdrawn a suit it filed against NCC
and the attorney-general of the federation.
“The official information to the Commission to that
effect, was received from the Office of the Attorney General of the Federation
and Minister of Justice, today, 29th February, 2016,” NCC’s director of public
affairs Tony Ojobo said in a statement.
Ojobo said the down payment and MTN’s withdrawing
its legal case will not affect government decision on whatever terms of payment
MTN proposes.
The negotiation team is led by attorney-general and
justice minister Abubakar Malami, while
MTN’s team is led by former US attorney-general Eric Holder, Jr, who now heads
the Washington, DC-based firm Covington & Burling.
No comments:
Post a Comment