-
The Senate Committee on Communications
yesterday, investigated the N50 billion part payment of MTN, out of the imposed
N780billion fine by the Nigeria Communication Commission (NCC).
-
The N50billion payment was consequent on an
out-of-court settlement agreed with the federal Govt.
-
The committee, worried by the proposal initiated
by MTN for the reduction of the fine to N300billion had been accepted by the
Minister of Justice and A. G of the Federation, Abubakar Malami.
-
In five equal and annual installments, between
the dates of this agreement, MTN is expected to pay a total of N100billion by
electronic transfer to the federal govt. recovery account at CBN.
CULLED FROM DAILYSUN
No comments:
Post a Comment