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NCC Cuts MTN Fine To $3.4 Billion, Gives December 31 Deadline

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NCC Cuts MTN Fine To $3.4 Billion, Gives December 31 Deadline

The Nigerian Communications Commission (NCC) has cut a fine imposed on MTN Group by more than a third to $3.4 billion and gave them until the end of the year to pay it, the company said on Thursday.

The fine, which was originally $5.2 billion was reduced after management of MTN held talks with the NCC.

The South African mobile phone operator was handed a fine by NCC for failing to cut off users with unregistered SIM cards from its network.

Nigeria, MTN’s biggest market, has been pushing telecoms firms to verify the identity of subscribers amid worries unregistered SIM cards were being used for criminal activity in a country facing insurgency from the Boko Haram sect.

Reuters quoted MTN as saying in a statement, “After further engagements with the Nigerian authorities, the NCC has reduced the imposed fine.”

The company, which makes about 37 percent of its sales from Nigeria, said it was considering the NCC’s decision.

“Executive Chairman, Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian authorities before responding formally,” it said.

Nhleko, who took charge for up to six months after the abrupt resignation last month of Sifiso Dabengwa, led the company for nine years before stepping down in 2011.

Moji is a Lawyer, online media aficionado, communications strategist, and entrepreneur in her early 30’s. Her zest and energy to succeed coupled with her very strong interpersonal skills has seen her building her blog from just a passionate hobby to a strong platform for social influence and brand. Today she has expanded to having her own company SMD Media. SMD Media consults for large corporates drawn especially from the Finance, Technology, Advertising and Media, Creative Arts sectors, where her brand has grown significant leverage and contacts. She is also the pioneer Chairperson of the Digital Media Practitioners of Nigeria-DMPN, an Association whose vision is to influence on a larger scale for a greater good to impact lives positively, ensure the standardisation and the continuous enthronement of ethical practises within the digital space . Moji is a lover of the Arts, Fashion and Entertainment with a strong plan to own her own shoe/bag line, record label, Movie production company among other things.

2 Comments

2 Comments

  1. Bomi

    December 4, 2015 at 2:48 am

    It’s good to hear the FG is lenient with MTN.

  2. efkaynation

    December 4, 2015 at 8:13 am

    It’s nice to hear the fine has been reduced. Excuses should not be given they cannot meet the deadline and fine not paid this time.

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