After several months of negotiation , telecoms company , MTN finally agreed to pay N 333 billion ($ 1 . 7 billion) to the federal government.This was made known in a statement by MTN on Friday , stating that the fine will be paid over a space of three years and this according to them, will ensure the listing of its shares in the Nigerian Stock Exchange .
The N 1. 04 Trillion fine imposed on MTN , Nigeria by the Nigerian Communications Commission (NCC ) the fine was yesterday reduced to N 330Billion . It was also agreed that MTN shall undertake the following :
It was also agreed that MTN shall undertake the following:
•Apologise
•Subscribe to CCG
•List on NSE
( 7 ) # MTNNFine pic . twitter .com /Rjj 3 zSErEa
— Aso Rock (@ AsoRock ) June 10 , 2016
The fine came as a result of the telecoms company failing to comply with a directive to disconnect 5 . 1 million improperly registered lines before the deadline given to telecoms operators in the country .
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