Photo-finish: NCC photos ‘confirm’ N330b fine deal with MTN Nigeria

Photo-finish: NCC photos ‘confirm’ N330b fine deal with MTN Nigeria

Photo-finish: NCC photos ‘confirm’ N330b fine deal with MTN Nigeria

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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.”

Photo-finish: NCC photos ‘confirm’ N330b fine deal with MTN Nigeria
NCC photo handout shows Mr. Usman Malah, Chief of Staff to the EVC (left); Mr. Tony Ojobo, Director, Public Affairs, NCC; Ms. Amina Oyagbola, Corporate Executive, MTN; Executive Vice Chairman (EVC) of NCC, Prof. Umar G. Danbatta; Chief Executive of MTN, Fredinand (Fredi) Moolman; MTN’s Company Secretary, Mrs. Uto Ukpanah, NCC; Ms Helen Obi, Assistant Director, Legal, NCC; NCC Commission Secretary, Mr. Felix Adeoye during the signing of agreement to stagger MTN fine

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.

Photo-finish: NCC photos ‘confirm’ N330b fine deal with MTN Nigeria
Executive Vice Chairman (EVC) of NCC, Professor Umar G. Danbatta, NCC (left) and Chief Executive Officer (CEO) of MTN, Fredinand (Fredi) Moolman, after the deal was signed
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Kolade Akinola Technology Journalist at Technology Times Mobile: + 234 (0) 807 401 6027