Monday, November 2

MTN finally agrees to pay ₦1.4 trillion fine

MTN has finally agreed to pay the ₦1.4 trillion fine slammed on it last week by the Nigerian Communications Commission (NCC) for failing to block the unregistered sim cards at the deadline of registration.

It was gathered that, after a series of meetings between MTN management team from South Africa and Nigeria with Vice-President Yemi Osinbajo, the telecommunication giant seems to have agreed to pay the fine to sustain its business.

It was said that MTN has various records of failing to comply with rules and regulations in the past, which arouse the anger of the federal government. Though MTN pleaded for the fine to be waived but the federal government might give concession but certainly not going to be any waiver. NCC had stated that the issue is being handled by the federal government and noted that MTN would risk withdrawal of its licence if its fails to comply with the fine.

And when two elephants fight be the grass go suffer am. hmmmmm.

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