12/22/2015

FG Vow to Impose Another Fine on MTN if...



This issue of MTN fine is becoming something else oooo. Just recently, MTN took NCC to court regarding the 1.4Trillion fine after it has been reduced. 


The Federal Government, yesterday, said it would neither be cowed nor threatened by MTN’s court action against the N1.4trn fine which was later reduced to N780 billion, insisting that the telecommunications company risks another fine if it fails to pay on deadline.

According to the Minister of Communication, it is the right of MTN to approach the court but there was an infraction, which MTN admitted to have committed before it pleaded for leniency that led to the reduction of the fine from N1.4 trillion to N780 billion and the subsequent December 31, 2015 deadline to  pay.

“It will surely be fined for violating the rule at the expiration of the deadline, should it fail to pay the initial fine.”

Say a word of prayer for MTN in your daily meditations...

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