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MTN REFUSES TO MEET UP WITH DEADLINE DATE OF DECEMBER 31

NCC would take a decision on Monday, after confirming that MTN did not pay the N780
billion fine before the close of work on deadline day, December 31,
2015.
A reliable source at the Commission, said: “I can confirm to you that
MTN did not pay the fine before close of work on the 31 December and
so the Commission will take a fresh decision on the issue Monday.
“The telecom operator actually went to court to challenge the fine and
the Federal Government has also lined up very respectable lawyers,
who also counter-sued the company.
“Both cases did not invalidate the fine, which means that MTN should
have honoured the payment deadline. But having not done so, we are
going to come up with a new decision on the fine by Monday.”
Reacting, MTN Nigeria’s External Relations Manager, Mr. Funso Aina
said that “when a case is in court, there is a limit to the comments
that could be made, suffice it to say that based on the lis pendens
rule (pending legal action) all parties are enjoined to restrain from
taking further action until the matter is finally determined.
“Notwithstanding the lawsuit, we will continue to engage with the
Nigerian Authorities to try and ensure an amicable resolution in the
best interests of the company, its stakeholders and the Nigerian
authorities. We urge our customers not to panic as we do not
envisage any disruption to our operations.”source

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