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Author Topic: Nigerian FG denies receiving $250m from MTN  (Read 252 times)

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Nigerian FG denies receiving $250m from MTN
« on: February 25, 2016, 07:05:50 AM »

Federal Government of Nigeria has debunked the report that telecommunications giant, MTN has paid $250 million out of the N1.04 trillion fine imposed on it by the Nigerian Communications commission (NCC).

The Special Assistant to the Minister of Communications, Mr. Victor Oluwadamilare, who made this disclosure in an interview with Vanguard, said that the development had not been made known to the federal government.

According to him, ??That has not been confirmed and I can confirm to you that the situation is still being studied.

?To the best of my knowledge, the amount announced is not the fine they are expected to pay. Federal Government is still studying it.

??They decided to go to court and never wanted an amicable settlement. If they now want settlement, there has to be an official statement on that soon,?? he said.

The Nigerian telecom operator, MTN Nigeria was on Wednesday reported to have bowed to the Nigerian Communication Commission (NCC) by paying the sum of $250 million as part of the N1.04 trillion fine imposed on it by industry regulator.


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