Fines: MTN pays N165b to NCC, says Danbatta - Akelicious | World News Coverage | Nigeria Digital Headlines

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Fines: MTN pays N165b to NCC, says Danbatta

Telecommunications giant, MTN has paid N165billion out of the N330 billion imposed on it, Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof. Umar Garba Danbatta stated on Thursday.

Danbatta however said the government was weighing options on another $8.5billion sanctions on MTN by the Central Bank of Nigeria (CBN).

He said the administration of President Muhammadu Buhari was working to find amicable resolutions to the challenges facing MTN.

He said the government was adopting flexibility to issues that have adverse effects on the economy.

Danbatta, who made the submissions while fielding questions with some journalists in Abuja, said NCC as a regulator prefers amicable settlement of all issues with MTN.

He said: “That has since been settled. The MTN fine that NCC did has since been settled. As I am talking to you, there is a Settlement Agreement with MTN according to which MTN will pay N330 billion.

“They are busy paying. So far, they have paid 50 per cent of this amount meaning that they have paid N165billion to the coffers of the government.

“And they will be paying the next tranche in December this year. So, the fines have since been settled a long time ago. Aren’t you aware?”

On the $8.5billion issue, Danbatta said it was an issue between the Central Bank of Nigeria( CBN) and MTN.

He added: “The $8.5billion is a CBN issue and as a regulator, we pray and hope that this will also be amicably settled because what affects MTN will have serious consequences for the telecommunication sector.

“So, our prayer is that this issue will also be amicably resolved, it is being resolved amicably.

“I heard reliably and we hope to read very soon that this issue is over also. The Nigerian government is disposed to amicable resolution of the MTN matter with the CBN. This information should go out.

“This information was provided at the last event of the ITU Telecoms World.

“I think this is part of the stance of this government showing flexibility to resolution of issues of this magnitude.

“Issues that have bearing on the economy, the government is always disposed to finding amicable resolutions.

“This has always been the position of this government on issues that may have adverse effects on the economy.

“You know, they (the government and its officials) tread the path of flexibility, humility at times, to find amicable resolution to any issue. And this is to the credit of this government, I think.

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