Monday, November 30

$3.9bn fine: MTN Nigeria withdraws legal battle against NCC

MTN Nigeria has urged a¬†Federal High Court in Ikoyi, Lagos to dissolve the telco’s lawsuit against the Nigerian Communications Commission as the company now prefers an out-of-court settlement.

The South African-headquarterd telecommunications outfit had earlier dragged Nigeria’s telcomms regulatory body NCC to court after the latter imposed a fine of $3.9bn on MTN over SIM card registration issues. Presiding over the case, Justice Mohammed Idris granted MTN and NCC an 8-week grace period to settle the matter outside judicial supervision and to present the agreement before the same court on March 18.

$3.9bn fine: MTN Nigeria withdraws legal battle against NCC News Technology: General
The Nigerian Communications Commission alleged that MTN left millions of unregistered SIMs active despite several warnings, slamming the telco with a record Justice $5.2bn fine in October 2015.

For the records, MTN was fined $5.2bn by the NCC over the non registration/invalid registration of 5.1 million active SIM cards on the MTN network. The fine was later adjusted to $3.9bn following a review by the NCC in November 2015.

Leave a Reply

Your email address will not be published. Required fields are marked *