Showing posts with label N1.04trn Fine. Show all posts
Showing posts with label N1.04trn Fine. Show all posts

Friday, January 1, 2016

#BBB NEWS| N1.04trn Fine: We Expect No Operation Disruptions For Not Paying Fine — MTN

MTN Nigeria has said it did not expect any service disruption on its network as deadline for payment of N1.04 trillion fine, later reduced to N780 billion by the Nigerian Communications Commission, NCC,  expired yesterday.

The fine, which according to NCC, was against the inability of MTN to disconnect about 5.1 million subscribers allegedly not properly registered on its network in August and September 2015, was meant to be paid on or before December 31, 2015.

However, the Commission, also yesterday, said it would take fresh decision Monday, after confirming that MTN did not pay the N780 billion fine before the close of work on deadline day, December 31, 2015.

A reliable source at the Commission, said: “I can confirm to you that MTN did not pay the fine before close of work today (yesterday) and so the Commission will take a fresh decision on the issue Monday.