MTN remits N80billion in N330billion fine to Federal Government


Communication gaint MTN has paid N80 billion of the N330 billion fine imposed on it by the Nigerian government for failing to deactivate more for failing to deactivate more than five million unregistered SIM cards.
Accorsing to Nigeria’s Minister of Communications, Adebayo Shittu, who revealed this at the News Agency of Nigeria, NAN, Forum in Abuja, he said the payment was for this first year and is the first tranche of the total payment.
MTN, Nigeria’s largest mobile operator, was initially fined 5.2 billion dollars (N1.04 trillion) for failing to deactivate more than five million unregistered SIM cards.
The fine on the South Africa-owned company was later reduced to N330 billion.
“For the first year, they paid N80 billion, after paying the initial N50 billion, and they will have to pay for three years until they will complete the N330 billion.
“MTN does not have a choice, when the law was made, it said for every unregistered SIM card in use, the fine is N200, 000, the law never anticipated that one company will be in violation to the tune of millions of lines.
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About Ukandu Jerry Paul

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