MTN risks another fine if it fails to pay on deadline – FG

The Federal Government, yesterday, said it would neither be cowed nor threatened by MTN’s court action against the N1.4trn fine which was later reduced to N780 billion, insisting that the telecommunications company risks another fine if it fails to pay on deadline.

Minister of Communications, Mr Adebayo Shittu, made the statement yesterday in reaction to the suit instituted by the telecom operator at a Lagos High Court, weekend.

The minister, who spoke through his Special Assistant on Media, Mr. Victor Oluwadamilare, however, admitted that MTN had the right to seek court’s interpretation if it feels unsatisfied with the action of the regulator but made it clear that nothing would stop the government from imposing additional fine on the operator, at the expiration of the deadline.

According to the minister, “it is the right of MTN to approach the court but there was an infraction, which MTN admitted to have committed before it pleaded for leniency that led to the reduction of the fine from N1.4 trillion to N780 billion and the subsequent December 31, 2015 deadline to  pay.

However, MTN, yesterday, also insisted that its action was induced by commitment and belief in the long term sustainability of its business.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Top News Today:

How to Check Mock Jamb Result 2022

This article is for you If you're among the candidates who have participated (sat) in the Mock Jamb Result for the 2022 session. Joint Admissions and Matriculation Board (JAMB) has officially released the results of the Unified Tertiary Matriculation Examination...

Travel & Tourism Tips:

Live and Work in Canada | Apply for Canadian jobs abroad

It isn't new to know that Canada is a land of opportunity, that's the reason individuals and families are migrating. It is weird to even think of finding and applying for a job in Canada from abroad, right? But it's possible. Ever since the pandemic, Canada’s labor...

Most Read Tech Reviews:

Most Trending Opportunities To Explore:

Top 7 Ways To Avoid Job Scams – Job Recruitment Safety Tips

We have heard countless times people complain and wail about having been scammed. The truth is that we have many job scammers roaming around every street these days. And unfortunately, they have learned how to appear decent and unsuspecting. Regardless, these Top 7...

Fashion & Lifestyles:

5 Proven Steps To Achieve Success Faster

To be able to succeed in life, you must work hard to achieve success. It’s very rare to see someone become successful without any labour put in. It would be considered a Miracle then. For anyone aiming for success, you need to climb some tough ladders or cross some...

Entertainment Zone:

Full Guide – How to Apply for the Guinness World Record

Guinness World Records is a global organization that recognizes " set or break a record" achievements across the globe. Of truth, breaking an already existing record or setting a new one is a prestigious accomplishment that showcases your extraordinary skills,...

How to Vote Big Brother Titans – Vote your Favourite Housemate

The Big Brother Titans reality TV show kicked off on January 15th, 2023, with a total of 24 Nigerians and South Africans being present in Big Brother’s house. The show is packaged with lots of exciting activities - captivating the interest of viewers. To some fans, it...

Trending How-To’s Articles:

How To Verify Google AdSense WITHOUT A PIN

– Is your Google AdSense Payment on hold because you haven’t verified your address with Google PIN?
– Have you applied for the PIN 4 times and still haven’t gotten any?
– Is your YouTube or Blog not displaying ads because you haven’t verified your Google Account?
If any of this concerns you, then you are on the right page to restore your Google AdSense + Blog +YouTube Earnings again.

Business Zone:

Zenith Bank Internet Banking Login Page

Zenith Bank Internet Banking Login Page

Banking has become widely adopted around the world, and your bank's banking system is not excluded. There are several digital banking methods offered by Zenith Bank - each method offers seamless services. Talking about the available Zenith Bank digital banking...

Leading 11 Fintech Companies in Nigeria (Mobile Money Apps)

Leading 11 Fintech Companies in Nigeria (Mobile Money Apps)

Arguably to say that the Fintech companies in Nigeria are indeed revolutionising access to finance and banking services, with the consistent strategy of delivering outstanding features (products and services) to individuals and businesses in the country. It almost...

Understanding Student Loan Forgiveness Program

Understanding Student Loan Forgiveness Program

Student loans have been of great opportunities to many and yet a disturbing thing to some as well. Understanding every principle behind the student loans, application processes, and the escape roots (also known as Student Loan Forgiveness Programs) would be a...

Pin It on Pinterest

Share This