Nigeria: MTN N1.04 trillion fine deadline extended by FG

Updated Monday 16 November 2015 11:35

After MTN Nigeria was fined a whooping sum of N1.04 trillion by NCC, a deadline was set, which should have been today, 16th November 2015. However, due to the sensitivity of the matter, because MTN is a South African company, The Federal government has reportedly extended the date for the payment of the N1.04 trillion fine. The fine was as a result of failure to obey the NCC directive on the deactivation of unregistered sim cards.

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According to a statement from MTN South Africa, "Although the Nigerian Communications Commission (“NCC”) set a deadline for payment of the fine by Monday, 16 November 2015, shareholders are advised that the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded."

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