The Chief Executive Officer of MTN, Mr Ferdi Moolman, announced on Friday that the telecommunications giant did not give bribe for the reduction of the N1.04 trillion fine slammed on the company for infraction.
Telecom firm refutes report on bribery for fine reduction allegation
MTN is also expected to pay N30 billion to NCC on March 31, 2017 and another N30 billion on March 31, 2018.
___5316360___https:______static.pulse.com.gh___webservice___escenic___binary___5316360___2016___7___28___10___640x640_3
Moolman said in a statement in Lagos that MTN’s attention had been drawn to an online report, alleging that a top official in the Presidency took bribe from the company to get the Federal Government to reduce the fine.
”MTN Nigeria has no knowledge of this and the allegation is therefore denied.
“The MTN Nigeria fine was ultimately settled with the (NCC),” he added.
ADVERTISEMENT
Media reports have alleged that a top presidency official had collected N500 million as bribe from MTN to help the company to mitigate the fine imposed on it by the Federal Government.
The NCC had last year reduced the fine to N330 billion.
MTN was allowed to pay the fine in a staggered payment plan that would last till May 31, 2019.
The fine was imposed in October 2015, over the inability of the operator to disconnect about 5.1 million subscribers it registered improperly on its network.
By the terms of the agreement, MTN is expected to pay N30 billion to the NCC, 30 days from the date the agreement was entered into on June 10, 2016.
ADVERTISEMENT
It is also to pay additional N55 billion on Dec. 31, 2018 and a balance of N55 billion is expected to be paid on March 31, 2019.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
No need to run when EFCC invites you, Cubana Chief Priest advises Nigerians
Immigration places wanted Yahaya Bello on watchlist, unveils his passport details
Oyo govt justifies demolition of Yoruba Nation agitators’ building
NAFDAC raids popular supermarket in Abuja for selling counterfeit products
Iranian morality police crack down on women who don't wear headscarves
FG sets up committee to compensate landowners affected by Lagos-Calabar road project
Kano Gov remains a bona fide member of our party - NNPP debunks suspension
We need ₦3.2trn to pay electricity subsidy in 2024 - FG
Tinubu's proactive approach to security threats yielding results, Ribadu claims
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT