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The Federal
Government has confirmed the payment of N50 billion by MTN as part payment of
the N1.04 trillion fine by the Nigerian Communications Commission (NCC).
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The Special
Assistant to the Minister of Communications, Mr. Victor Oluwadamilare, confirmed
this to newsmen on Friday.
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Says payment by
telecom company was made with a precursor for an out ofcourt settlement over
the matter.
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NCC had in October
2015, slammed a fine of N1.04 trillion on MTN for its failure to deactivate
over 500,000 unregistered subscribers after series of warning.
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