There are indications that telecommunications company, MTN Nigeria may not meet up with today’s deadline on payment of the N1.04trn fine imposed on it by the Nigerian Communications Commission, NCC.
The source told Vanguard that the telecommunications giant had not paid as at Sunday night but may not be sanctioned because NCC was considering granting its plea of staggered payment over a year or two.
He said: “What I can tell you now is that MTN has not paid as at today and may not likely pay because its officials have been begging for extension of the date and the payment to be granted in a staggered form. To be honest, we are considering that and may grant them one or two years to finish the payment. But what they may not get is a reduction on the fine.”
He also revealed that the regulator was going to issue a statement to this effect this morning before 11.00 am.
The source told Vanguard that the telecommunications giant had not paid as at Sunday night but may not be sanctioned because NCC was considering granting its plea of staggered payment over a year or two.
He said: “What I can tell you now is that MTN has not paid as at today and may not likely pay because its officials have been begging for extension of the date and the payment to be granted in a staggered form. To be honest, we are considering that and may grant them one or two years to finish the payment. But what they may not get is a reduction on the fine.”
He also revealed that the regulator was going to issue a statement to this effect this morning before 11.00 am.
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