Abuja - MTN Nigeria has failed in its
attempts to have its landmark N1,04 trillion (US$5,2 billion fine the Nigerian
Communications Commission (NCC) imposed on it lowered, it has emerged.
This follows a series of meetings between MTN management
team from South Africa and Nigeria with the Vice President, Prof. Yemi
An official of the telecommunications company, who is not
allowed to speak to the press, said the Presidency insisted the company
must pay the sanction.
The informant disclosed there were plans to pay in
Also Read: Nigeria gives MTN two weeks to pay $5.2 billion fine
“There are plans that MTN Nigeria may stagger the payment of the fine," he said.
The telecom company has been given until November 16 to pay up the fines or face
The MTN official said the telecommunications firm wanted
a waiver considering their level of investments in the country but government
did not buy the idea.
“At the conclusion of the meeting, the MTN people
negotiated on how to stagger the payment. The Presidency is even angry because
MTN was a signatory to the regulation, but they are failing to comply with
rules,” he said
MTN, which was fined for failure to disconnect
thousands of clients who had not registered, had not officially commented.
- CAJ News