Everest Amaefule, Abuja
MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the mobile telecommunications operator in August 2015 by industry regulatory agency, the Nigerian Communications Commission.
Executive Vice Chairman at NCC, Prof Umar Danbatta, confirmed this in an interview with journalists in Abuja on Monday on the side-lines of a valedictory press briefing by Minister of Communications, Mr Adebayo Shittu.
NCC had in October 2015 imposed a fine of N1.04tn on MTN for irregular registration of 5.2 million subscribers.
However, after prolonged negotiation with both the regulatory agency and the Federal Government, the company had the fine reduced to N330bn.