Nigeria Slashes MTN N1.4Trillion Fine

MTN Nigeria customer care shop

The Nigerian Communications Commission (NCC) has reduced MTN Nigeria’s imposed fine to $ 3.4 billion equivalent.

MTN has revealed that the company received a formal letter dated December 2, cialis 40mg 2015 from the NCC informing them that, treatment after considering the Company’s request, it has taken the decision to reduce the fine on the MTN Nigerian business from the original N1.4 Trillion to N674 Billion Naira which has to be paid by December 31, 2015.

The fine relates to the late disconnecting of 5.1 million MTN Nigerian subscribers in August and September 2015.

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The Company is carefully considering the NCC’s reply, however the Executive Chairman Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian Authorities before responding formally, as it is essential for the Company to follow due process to ensure the best outcome for the Company, its stakeholders and the Nigerian Authorities.

The telecom giant advised its Shareholders to continue to exercise caution when dealing in the Company’s securities until a further announcement is made.


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