MTN
Nigeria has withdrawn its suit against the Nigerian Communications Commission
(NCC) and paid N50 billion for the resolution of the fine imposed on the
telecommunications company.
MTN was fined N1.04
trillion in 2015 for failing to deactivate 5.1 million unregistered SIM cards,
however, the fine was later reduced to N780 billion after the company entered
into negotiations with the Nigerian government.
The telecommunications
giant, commenting on the resolution on Wednesday, stated that: “MTN paid N50bn
to the federal government as a gesture of good faith and commitment to
continued efforts towards an amicable resolution.”
“This
is a most encouraging development. It demonstrates a willingness and sincerity
by both parties to work together towards a positive outcome,” the CEO of MTN
Nigeria, Ferdi Moolman said.
“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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