Business Hilights
Tracking Nigeria's Headline Business News Online

We Did Not Pay Any Bribe For NCC To Reduce Fine—MTN


MTN Nigeria has cleared the air over reports that it gave bribe for the reduction of the N1.04 trillion fine slammed on it by the Nigerian Communications Commission (NCC).

It would be recalled that the NCC had slammed the N1.04 trillion fine on MTN in October 2015 after the operator failed to disconnect about 5.1 million subscribers it registered improperly on its network.

Chief executive officer of MTN, Mr. Ferdi Moolman, in a statement said 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.

According to him, “MTN Nigeria has no knowledge of this and the allegation is therefore denied. The MTN Nigeria fine was ultimately settled with the Nigerian Communications Commission.”

Before now, there are news making the rounds that the telecoms giant had tipped a top presidency official with N500 million as bribe to help the company to mitigate the fine imposed on it by the Federal Government.

The controversy is not unconnected with how NCC had last year reduced the fine to N330 billion without recourse to the lawmakers who wanted to work on it.

The repayment deal however allowed MTN to pay the fine in a staggered payment plan that would last till May 31, 2019.

According to the terms and conditions of the deal, MTN is expected to pay N30 billion to the NCC, 30 days from the date the agreement was entered into on June 10, 2016.

MTN is also expected to pay N30 billion to NCC on March 31, 2017 and another N30 billion on March 31, 2018.

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.

It would be recalled that some top official of MTN Nigeria were eased out at the wake of the crisis including the first Nigerian boss, Mr. Ikpoki and former head of corporate affairs, Mr. Wale Goodluck and others.


Leave A Reply