Friday, November 22, 2024
24.6 C
Lagos

MTN Will Not Pay N1.O4O Tr NCC Fine

MTN Nigeria says it will not pay a dime or penny to the Nigerian Communications Commission [NCC] in respect of the N1.O4 trillion fine imposed on the telecom operator by the industry regulator for failing to deactivate unregistered SIM cards on its network.

A top official of MTN Nigeria confided in Business Journal that the telecom operator has perfected two grand strategies to avoid paying the fine to NCC.

“I can tell you that MTN Nigeria will not pay a single penny or dime to the NCC. We have already instructed the seven Senior Advocates of Nigeria [SANs] handling our legal action against NCC to keep the matter perpetually in court, up to the Supreme Court, by all means necessary until Buhari leaves office or Danbatta, Executive Vice-Chairman of NCC completes his five-year term.

Now, even if Buhari and Danbatta secure a second term, that would be eight and 1O years respectively, but we can keep the case in court beyond 1O years.”

The MTN official insisted that the operator cannot pay such huge fine without going under, arguing that what the NCC did was clearly in bad faith, not what they expected from a regulator.

He said the second strategy is to withdraw from Nigeria and expand to more African nations to make up for any revenue shortfall in terms of the Group.

“Our second strategy is to leave the Nigerian market entirely and expand into other territories in Africa and probably, the Middle East, to cushion the expected revenue gap from Nigeria.”

He called on Nigerians to prevail on the NCC to soft pedal on the fine, which he described as an attempt by the industry regulator to kill MTN Nigeria.

spot_img
spot_img
spot_img

Hot this week

NNPC’s Utapate Crude Grade Hits Global Oil Market, OML 13 Eyes 80,000 bpd by 2025

Managing Director, NNPC E & P Limited (NEPL), Mr....

UNIDO, ILO, Others to Headline 5th Lagos Waste Forum

Top government officials, Coca-Cola, the United Nations Industrial Development...

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with...

WAICA: Heirs Insurance Sector Head Seeks AI Innovation to Drive Insurance Growth

L-R Niyi Onifade, Sector Head, Heirs Insurance Group and...

Topics

Book Review: IYE-Mother

By Julie Omeike Iye {Mother} is an interesting cultural novel. It...

HP to Educate 100,000 Learners Across Africa by 2021

Recently at the Global Citizen Festival: Mandela 100, HP...

9Mobile: NCC in a Fix over Court Order

The plan by the Nigerian Communications Commission (NCC) to...

Manage Your Career Beyond Degree, says Kendor Consulting CEO

L-R: Mr. Orimolade Oluwamuyemi, Regional Marketing and Communications Coordinator –...

MTN Money Transfer Active in Rwanda, Uganda, Zambia

International money transfer website WorldRemit and MTN have signed...

TECNO Wins AITTA Phone of the Year 2019 Award

TECNO SPARK 3, a smartphone model by TECNO, a...

Impact Investors Annual Awards to Celebrate Social Impact Heroes

The Impact Investors Foundation, Nigeria’s leading platform for unlocking impact...

Emirates Skywards Feted at Loyalty Awards 2019

For the second consecutive year, Emirates Skywards, the loyalty...
spot_img

Related Articles

Popular Categories

spot_imgspot_img