ADVERTISEMENT

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

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.

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!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Wike thanks Tinubu for the opportunity to serve

Wike thanks Tinubu for the opportunity to serve

Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara

Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara

Court grants senator accused of forging NYSC certificate ₦50m bail

Court grants senator accused of forging NYSC certificate ₦50m bail

BREAKING: Delta monarch declared wanted by military surrenders to police

BREAKING: Delta monarch declared wanted by military surrenders to police

Renowned Canada-based Nigerian playwright, Oguntokun is dead

Renowned Canada-based Nigerian playwright, Oguntokun is dead

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Siamese twin gets married while still conjoined with her sister

Siamese twin gets married while still conjoined with her sister

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT