Okay.ng understands that MTN and NCC agreed on an installment payment in six phases.
However, the telecommunication company on Friday, 31st May, 2019, completed the payment with N55 billion as negotiated.
Tobechukwu Okigbo, Chief Corporate Relations Officer of MTN Nigeria, disclosed this in a statement on Friday.
He said the amount completes MTN’s payment of the N330 billion negotiated settlement agreed between the NCC and the company in 2016.
The statement read:
“The successful resolution of the fine was the outcome of active collaboration between the NCC and MTN.
“We are very pleased to have completed the payment of the N330 billon negotiated settlement with the NCC.
“We are particularly gratified to be in a position to have fully met the terms of the settlement within the agreed time frames.
“I thank the NCC for constructive and collaborative approach to this issue, and believe that we emerge from it with a stronger relationship focused on ensuring maximum value is delivered to our people from a strong and growing telecoms sector.”