Nigerian Governors have commended the Nigerian Communications Commission (NCC) for the N1.04 trillion fine imposed on telecommunication company, MTN.
36 Governors back NCC's MTN fine, insist company must pay in full
NCC sanctioned the service provider for failing to meet a deadline to disconnect 5.2 million unregistered subscribers.
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NCC sanctioned the service provider for failing to meet a deadline to disconnect 5.2 million unregistered subscribers earlier this year.
At a meeting of the Governors of the 36 states of the Federation, held at the Banquet Hall of the State House, Abuja on Thursday, Nov. 19, they lauded the NCC for enforcing the law in its regulation of the telecom sector, assuring the Commission of full support from the Nigerian Governors Forum (NGF).
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The NGF also tasked the Federal Government to ensure MTN pays the fine in full and promptly.
Record shows that the company has already lost about 24 per cent of its share value since the fine was made public on October 26.
Pulse recalls that the Chief Executive Officer of MTN, Sifiso Dabengwa resigned last week following the imposed fine.
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