The Nigeria Communications Commission (NCC) has just released photos of the meeting held yesterday with MTN Nigeria to close a settlement deal on the unprecedented N1.04 trillion fine imposed on the mobile phone company.

Mr Tony Ojobo, Director of Public Affairs at the Nigerian Communications Commission (NCC) had earlier today confirmed that MTN Nigeria will pay N330 billion over the next three years, under final settlement reached in the N1.04 trillion fine imposed on the mobile phone company.

In a statement made available to Technology Times this afternoon, the NCC spokesman confirmed that the telecoms regulator yesterday agreed to reduce the MTN Nigeria fine to N330 billion “after nearly six months of negotiation and re-negotiation.”

The telecoms regulator’s confirmation backs a statement issued by MTN Nigeria today announcing that the mobile phone company has negotiated a deal with the Nigerian government to pay N330 billion in final settlement of the N1.04 trillion fine imposed last year by NCC.

According to Ojobo, “this amount includes the “goodwill” payment of N50Billion earlier made by MTN to the government.”

The telecoms regulator was later to follow the announcements with the release of photos (seen above and below) of the signing of the settlement agreement between officials of the two organisations.