MTN pays N80 billion out of N330 billion fine

Telecommunication major, MTN, has paid N80 billion out of the N330 billion fine imposed on it by the Nigerian government for failing to deactivate more than 5 million unregistered SIM cards. According to the Minister of Communication, Adebayo Shittu, who disclosed this, the payment was for this first year and is the first tranche of the total payment. The country’s largest mobile operator was initially fined $5.2 billion (N1.04 trillion) for failing to deactivate the unregistered SIM cards, N200,000 per SIM, but the fine was later reduced to N330 bllion.

Telecommunication major, MTN, has paid N80 billion out of the N330 billion fine imposed on it by the Nigerian government for failing to deactivate more than 5 million unregistered SIM cards. According to the Minister of Communication, Adebayo Shittu, who disclosed this, the payment was for this first year and is the first tranche of the total payment. The country’s largest mobile operator was initially fined $5.2 billion (N1.04 trillion) for failing to deactivate the unregistered SIM cards, N200,000 per SIM, but the fine was later reduced to N330 bllion. So far, for the first year, they paid N80 billion after paying the initial N50 billion and they still have three years until they complete the N330 billion.