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BREAKING: MTN completes payment of N330b NCC fine


MTN Nigeria Communications Plc (MTN), has paid the sixth and final instalment of N55 billion to the Nigerian Communications Commission (NCC).

This was made known by the Chief Corporate Relations Officer of MTN, Tobechukwu Okigbo.

He said the payment of N55 billion completes MTN’s payment of the N330 billion negotiated settlement agreed between the NCC and the company in 2016.

According to him, the successful resolution of the fine was the outcome of active collaboration between the NCC and MTN.

He said, ” 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.”

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