The Minister of Communications, Adebayo Shittu, has revealed that telecommunication service provider, MTN Nigeria, is yet to pay its N1.04 trillion fine.
MTN was fined N1.04 trillion by the Nigerian Communications Commission (NCC) for failing to register its subscribers in accordance with laid down rules and regulations.
Shittu made the clarification on Wednesday while making his presentation on the diversification of the Nigerian Economy on the Floor of the House of Representatives.
He revealed that the Federal government asked MTN to pay N50b for its violation of Subscriber Identification Module (SIM) card registration laws, but added that the money was not part of the fine.
“MTN took the matter to court but later offered to settle it out of court. That was why the company was asked to pay N50b as a sign of commitment to the new deal,” he said.
He added that negotiation for review of the fine has been stalled due to ongoing investigation of the matter by the House which is investigating the downward review of the fine by 25 percent as well as payment of N50b by MTN.