Nigeria's governors back regulator's $5.2B fine on telecomms giant

The fine, imposed on Africa's biggest telecommunications company in its largest market by sales, amounts to more than the past two years of MTN profits and is based on $1,000 for each unregistered SIM card.

MTN executive chairman in Nigeria ahead of deadline to pay $5.2 bln fine

The governors of Nigeria's 36 states said in a communique on Thursday that they back the country's telecom regulator for imposing a $5.2 billion fine on South African telecom group MTN for failing to disconnect unregistered lines.

The fine, imposed on Africa's biggest telecommunications company in its largest market by sales, amounts to more than the past two years of MTN profits and is based on $1,000 for each unregistered SIM card.

NCC said the fine, which was the second in two months on MTN after an earlier 102.2 million naira ($513,697) fine, remains but appeals may affect the payment deadline. The payment deadline for the fine was originally set for Nov. 16.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Saudi Arabia donates $1m worth of medical equipment to Nigeria's FG

ECOWAS court stops FG from punishing Nigerians disobeying Twitter suspension

APC UK urges Igboho to shelve July 3 'Yoruba Nation' rally in Lagos

2 dead, 13 vehicles burnt in tanker explosion on Lagos-Ibadan Expressway

Buhari seeks Senate’s approval of 2021 Supplementary Budget of N895.8bn

CAN calls for end to secession agitations in Nigeria

Former House of Reps member Farouk Lawan jailed 7 years for bribery

APC crisis: Court strikes out suit against Buni-led caretaker committee

Nigerian Army dismisses video of soldiers beating suspect