“We are very pleased to have completed the payment of the N330 billion 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”.
These are the sweet words of reconciliation and satisfaction issued by the MTN group through its Chief Corporate Relations officer Tobechukwu Okigbo to the news media and the Nigerian public shortly after scaling the herculean hurdle of paying N330 billion to the Nigerian Communications Commission NCC through the Central Bank Of Nigeria CBN.
Okigbo who with his organization are basking in the glory of performing this feat on the 24th six clear days before the deadline on the 31st of May, however, praised the collaborative attitude between the telecommunications giant and the NCC in resolving the impasse.
SIM Cards Infractions Cost MTN N330 Billion
It would be recalled that MTN Telecommunication company was accused by the NCC an agency of the Nigerian Government who is the regulatory authority in charge of all telecom operations in the country of SIM cards infraction and ordered to pay a negotiated fine of N330 billion.
The Nigerian government had put a deadline of the 31st of May 2019 for the fine to fully pay up or a further sanction would be placed. However, having paid the bulk of the fine the telecommunication company was in a race of its life to offset the final tranche of the N55billion before the deadline. This they succeeded in accomplishing on the 24th of May six days before the deadline.
Confirming the payment, the Executive Commissioner, Stakeholders Management at the NCC, Sunday Dare said MTN paid the money last week Friday, May 24 into the Consolidated Revenue Account seated with the CBN. This same account it was that all other tranches of payment were received from the telecommunication company.