By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Why We Reduced MTN’s N1.04trn Fine – NCC
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Why We Reduced MTN’s N1.04trn Fine – NCC

Farouk Mohammed
By Farouk Mohammed
Published: December 8, 2015
Share
4 Min Read
SHARE

NCC-MTN

The Nigerian Communications Commission, NCC, has defended its action to reduce the N1.04 trillion fine on MTN Nigeria to N780 billion, saying it acted in the interest of the stability of the telecom sector.

The commission said it weighed all pros and cons and arrived at a decision it considered favourable to all concerned. Director public Affairs of the NCC, Mr Tony Ojobo, said that after considering the operator’s admission of guilt, huge investment in the country, the large subscriber base and Nigeria being its largest market, the decision to arrive at the reduction was not too difficult.

According to Ojobo, “MTN wrote the commission, acknowledged that there has been an infraction and are now pleading for leniency . In the past we have also had people plead for leniency on their sanctions. At that time, of course the NCC board has not been constituted, no Minister, the authority of the president was required for such a decision to be taken in the absence of the minister, and so the commission had to notify the presidency.

- Advertisement -

“The stakeholders looked at it with all the pros and cons and reduced the fine by 25 percent. We are aware and conscious of the level of investment MTN has made in this market; they have the largest number of subscribers, it is also important to know that Nigeria remains their biggest market. We have taken all into considerations, and that was what even informed the discussion in the first place.
Weighing all of these issues, is why this action has been taken”.

The controversy surrounding the unprecedented One trillion, four hundred million Naira fine the Nigerian Communications Commission, NCC, slammed on MTN Nigeria for allegedly not being able to disconnect about 5.1 million improperly registered subscribers on its network, appeared settled Thursday, last week, when the regulator reduced the fine by 25 percent.

Although the telecommunications company, alleged that the commission conveyed the message to them in a conflicting manner, with two letters bearing conflicting figures, the Commission has since admitted that the first letter bearing 35 percent reduction was in error and therefore should be discarded while the second, bearing 25 percent should be regarded as the authentic.

According to Ojobo, “there was a mistake in figure of the first letter which immediately prompted the second one. “The actual decision is that the Commission, has after due considerations of MTN’s consistent pleas and admission of guilt, among other factors, decided to reduce the fine by 25 percent”. With the explanation, the commission says it expected MTN Nigeria to perfectly understand without any ambiguity that the fine has been reduced to N780 billion Naira of which it has not more than December 31, 2015 to settle.

- Advertisement -

The telecommunications company on its part has promised to study the new development while directing its Executive Chairman, Mr Phutma Nlekho to urgently engage the Nigerian government with a view to getting resolutions that would prompt its official response.

However, the commission’s decision to reduce the fine and the figure at which it arrived at, have also elicited reactions from the Nigerian public. Although, notable Information technology practitioners have refrained from making comments on the whole issue. Those who Vanguard sought their opinion on the issue pleaded to be left out of the debate, saying the sensitive nature of the fine makes industry players opinion very implicating.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:MTNNCC
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Samuel L. Jackson says he’d move to South Africa if Donald Trump becomes president
Next Article Why Fuel Subsidy Should Go – Ngozi Okonjo-Iweala

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?