Negotiated settlement: MTN pays last installment of 55 billion naira to NCC

NCC Abuja Headquarters

MTN Nigeria Plc said it has paid the sixth and final installment of a negotiated N55 billion settlement to the Nigeria Communications Commission (NCC).

MTN Nigeria’s director of corporate relations, Mr. Tobechukwu Okigbo, made the revelation in a statement Friday in Lagos.

According to him, the amount complements MTN’s payment of the negotiated settlement of 330 billion naira agreed between NCC and the company in 2016.

“The successful resolution of the fine is the result of an active collaboration between the NCC and MTN.

“We are very pleased to have completed the payment of the negotiated settlement of N330 billion with the NCC.

“We are particularly pleased to be able to have fully complied with the terms of the settlement within the agreed timeframe.

“I thank the NCC for its constructive and collaborative approach to this issue, and I believe we are emerging with a stronger relationship aimed at ensuring maximum value for our employees from a strong and growing telecommunications industry,” did he declare.

MTN and NCC have reached a negotiated settlement regarding the fine imposed on MTN in 2015 following a dispute over the disconnection of SIM cards not registered in its subscriber base, reports NAN.

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