According to the Vanguard Newspaper, MTN has finally agreed to pay the N1.04 trillion fine made against it by the Nigerian Communication Commission for violating its directive on SIM deactivation.
According to the article, the Vice president of Nigeria, Prof. Yemi Osinbajo held a meeting with MTN’s South African and Nigerian team. I guess your predictions that MTN will get out of this did not come to pass.
Vanguard’s source was quoted saying:
“There have been series of meeting at the Presidency between the Vice President Osinbajo and MTN team both from South Africa and the Nigerian arm. MTN wanted a waiver considering their level of investments in the country, but government did not buy the idea of waiver. Instead, I think there will be concession, but certainly not a waiver. At the conclusion of the meeting, the MTN people negotiated on how to stagger the payment. The Presidency is even angry because MTN was a signatory to the regulation, but they are failing to comply with rules.”
Thinking about it right now, N1.04 trillion is a lot!