The Nigerian Communications Commission (NCC), said MTN Nigeria has so far paid N165billion out of a total of N330bn fine slammed on it in 2015 for SIM registration breaches.

The Executive Vice Chairman of the Commission, Prof Umar Garba Danbatta made this know on Monday when a delegation of MTN Group led by its Nigerian chairman Dr. Pascal Dozie paid a courtesy visit to the commission headquarters in Abuja.

Prof Danbatta said MTN had paid more than 50 per cent of the whole fine with the latest payment of N55bn in March.

He noted that the installmental payment was in line with the terms of agreement reached between MTN and the regulatory body.

“It could be by sheer coincidence that part of the fine was paid in March not more than two weeks that we received the cheque of N55bn.

“So far MTN has paid more than 50% of the fine and that will translate to N165bn. Yes it’s a whopping sum of money and they have not defaulted yet, and this payment they are making is consistent with the terms of agreement we reached with them.

“Remember there was an amicable settlement agreement leading to the way and manner the fine is been paid installmentality so far they have not relented they are busy paying”, he said. ”

The fine was aimed at ensuring that it is not business as usual but to ensure that the rules of engagements are respected, and the rules governing the telecom sector of the economy is adhered to stressing that it will continue to cooperate with the telecom company because of it’s major contributions to the economic and digital growth of the nation’s economy.

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