MTN has paid N55 billion, being the balance of the N330 billion SIM fine the Nigerian Communications Commission (NCC) imposed on it for SIM card registration rule infraction.
The amount was paid on May 24, to the Consolidated Revenue Account of the Central Bank of Nigeria (CBN).
Chief Corporate Relations Officer, Tobechukwu Okigbo, confirmed the payment. He said the successful resolution of the fine was the outcome of active collaboration between the NCC and MTN.
“We are very pleased to have completed the payment of the N330 billon negotiated settlement with the NCC. We are particularly gratified to be in a position to have fully met the terms of the settlement within the agreed timeframes. I would like to thank the NCC for their constructive and collaborative approach to this issue, and believe that we emerge from it with a stronger relationship, focused on ensuring maximum value is delivered to our people, from a strong and growing telecoms sector,” Okigbo said.
