FG Extends Deadline For MTN To Pay N1.04 Trillion Fine. (See Deadline)


The Federal government has reportedly extended
the date for the payment of the N1.04 trillion
fine it imposed on telecommunications company
MTN Nigeria over their failure to obey the NCC
directive on the deactivation of unregistered
sim cards.

According to a statement from MTN South Africa,
they have come to an agreement with the
Nigerian authorities that the November 16th
deadline for the payment of the fine was
not feasible.

"Although the Nigerian Communications
Commission (“NCC”) set a deadline for payment of
the fine by Monday, 16 November 2015, shareholders
are advised that the Nigerian authorities have,
without prejudice, agreed that the imposed fine
will not be payable until the negotiations have been
concluded." The statement in part reads.
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