MTN pays N50 Billion & Withdraws Lawsuit against NCC

MTN-NigeriaMTN Nigeria has paid the sum of N50billion to the Nigerian Communications Commission (NCC).

The firm company has also withdrawn its lawsuit against the NCC at the Federal High Court of Lagos.

The NCC had imposed a N1.04 trillion fine on MTN Nigeria in October 2015 for its failure to disconnect 5.1 million unregistered or improperly registered subscribers.

The fine was renegotiated to N780 billion, however MTN still hoped for a lesser fine and filed the lawsuit which has now been dropped.

CEO of MTN Nigeria Ferdi Moolman has 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”

Weeks ago, the company brought in former United States Attorney General Eric Holder to assist in their negotiation process.

With these moves today, there is hope that the NCC may lower MTN Nigeria’s fine.

12 Comments on MTN pays N50 Billion & Withdraws Lawsuit against NCC
  • Olamide February 24, 2016 at 5:42 pm

    50 BILLION!!! The Lord is my shepherd, I shall not want.

    So does anyone know what happens to fines? It’s not in the original budget of the government (agencies). What do they do with the money?

    • Dee February 25, 2016 at 8:28 am

      Fines are paid into government account. NCC doesn’t even smell a dime!

  • Creole February 24, 2016 at 5:43 pm

    Hopefully they don’t increase their tariffs or do anything dodgy to make Nigerians pay for it

  • Hanee February 24, 2016 at 6:15 pm

    So what will happen to the 50Billion now FG?

  • Olu February 24, 2016 at 6:18 pm

    Can we channel that money towards power pls?

  • SS February 24, 2016 at 6:37 pm

    MTN God punish you,to think that they pay their staff peanuts,especiallythe customerservice dept,they treat them like crap,most are contract staff though…..
    God help this nation

  • Prec February 24, 2016 at 7:24 pm

    50 BILLION more to make our leaders richer, cause that money will not go to anything useful, watch, mchew.

  • Cindy February 24, 2016 at 8:28 pm

    From over 1 trillion to just 50 billon? There lawyer must be very good. I don’t like this at all but I think NCC has succeeded in passing a message across to defaulting telecommunications companies.

  • jhennique February 25, 2016 at 10:03 am

    Do people read at all. The fine is reduced to N780bn. They paid 50bn out of it. They will still pay the rest over time
    I just sha wonder where all the money is going?

  • theProf February 25, 2016 at 10:27 am

    The issue behind this is that the payment opens up space for communications. What MTN has done is to obey NCC’s directive of paying something, taking the case out of court and then pushing off to the next phase. NCC should also demonstrate good faith by understanding the plight of MTN.

  • prince February 25, 2016 at 2:54 pm

    The FG should use the money well. if I were them i’ll invest it in the Light Rail sector or Power. 50billion naira is no joke. it would transform lives gloriously if utilize properly.

  • ken March 13, 2016 at 6:07 pm

    my question to APC govt, under which committee is the 50 billion naira paid by mtn , kept. if u ( APC) fail to give us an account on how this money is be spent or spent, we shall withdraw our mandate in 2019, general election

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