MTN’s $250 Million Payment Unconfirmed – FG


Get real time updates directly on you device, subscribe now.

The Federal Government has come forward to deny alleged payment of $250 million by telecoms company, MTN, as part of its over $3.9 billion fine imposed on it by the Nigerian Communications Commission, NCC.

Mr. Victor Oluwadamilare, the special assistant to the Minister of Communications, stated that the development had not been confirmed as the Federal government was still studying the situation.

“That has not been confirmed and I can confirm to you that the situation is still being studied. To the best of my knowledge, the amount announced is not the fine they are expected to pay. Federal Government is still studying it.

“They decided to go to court and never wanted an amicable settlement. If they now want settlement, there has to be an official statement on that soon,” he added.

It was reported that the Nigerian telecoms operator, MTN Nigeria, had paid the said sum of $250 million, a part of the $3.9 billion fine imposed on it by the NCC in order to allow for the possibility of an out of court settlement between both parties.


Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.