Tuesday, February 9, 2016

MTN must pay fine; federal government insists



The Federal Government of Nigeria said yesterday that the Mobile Carrier, MTN must pay substantial part of the N780billion fine imposed on it for Subscriber Identity Module (SIM) registration guideline infractions before any out of court settlement could be honoured.
The Minister of Communications and Technology, Mr. Adebayo Shittu, said the telecommunication company violated extant laws for which it accepted responsibility and wrote a letter of apology, promising to be a responsible corporate citizen.
The infractions were committed under the Dr. Goodluck Jonathan administration, which, according to Shittu, looked the other way. It took the courage of the government to apply the law, he said.
MTN begged for a revision of the sanction, “which Mr. President graciously acceded to”, but the company turned around to say it had no money to pay.
The minister said the government replied, asking MTN to write a letter stating why it will go down after paying the fine and attaching a statement of its account so that the government will realise the dangers the payment will constitute to its financial health.
Shittu said he received a call from the firm informing him that it was going to court.
He said since the matter is now before the court, the government will wait for the court’s decision.

No comments:

Post a Comment