SIM Registration: MTN Pays N235bn Fine

Mobile Telecommunication Operator Giant, MTN Nigeria Communications Limited has paid a total of N235bn our of the N330bn fine imposed on the company in August 2015 by industry regulatory agency, the Nigerian Communications Commission.

The Executive Vice Chairman at NCC, Prof Umar Danbatta, confirmed this i an interview with journalists in Abuja on Tuesday on the sidelines of a veledictory press briefing by the Minister of Communications, Mr. Adebayo Shittu.

" We have succeeded in empowering Nigerians to own , control and manage one of the dormant telecommunications companies in the country by MTN listing on the Nigeria Stock Exchange" the NCC boss said.

"This is arising from the settlement agreement reached with MTN through the payment of N330bn to the government coffers of which they have paid N235bn thereby remaining the last tranche. MTN has been listed on the NSE and Nigerians can now buy shares and through this Nigerians will be financially empowered and socially transformed"