MTN Nigeria says it has withdrawn its case in the Federal High Court, Lagos, against the Nigerian Communications Commission (NCC).
MTN’s Chief Executive Officer, Mr Ferdi Moolman, made this known in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos.
It said that the withdrawal followed renewed steps toward negotiation and settlement, and to create an atmosphere conducive for further negotiations.
It would be recalled that the NCC had imposed a N1.04-trillion fine on MTN Nigeria in October 2015 for its failure to disconnect 5.1 million improperly registered lines within the prescribed deadline.
The MTN statement, however, quoted Moolman as saying the telecom company had paid N50 billion to the Federal Government as a gesture of good faith and commitment to continued efforts towards an amicable resolution.
Moolman stated that “MTN Nigeria today withdrew its case against the NCC at the Federal High Court, Lagos, in response to a request by the authorities.
“This is a most encouraging development; it demonstrates a willingness and sincerity by both parties to work together toward a positive outcome.’’
MTN Nigeria stated that the fine was adjusted by 25 per cent to N780 billion, an amount that was considered inimical to the survival of the business.
Subsequently, the telecom company sought judicial determination as means of protecting its business.
“We are hopeful at this stage; it is clear that we are collectively committed to work out a solution that is of mutual benefit to all parties.
“Our industry in Nigeria is an incredibly important example of the remarkable progress in ICT, particularly as a much needed catalyst for socio-economic growth and development at this time,’’ Moolman added. (NAN)
MTN’s Chief Executive Officer, Mr Ferdi Moolman, made this known in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos.
It said that the withdrawal followed renewed steps toward negotiation and settlement, and to create an atmosphere conducive for further negotiations.
It would be recalled that the NCC had imposed a N1.04-trillion fine on MTN Nigeria in October 2015 for its failure to disconnect 5.1 million improperly registered lines within the prescribed deadline.
The MTN statement, however, quoted Moolman as saying the telecom company had paid N50 billion to the Federal Government as a gesture of good faith and commitment to continued efforts towards an amicable resolution.
Moolman stated that “MTN Nigeria today withdrew its case against the NCC at the Federal High Court, Lagos, in response to a request by the authorities.
“This is a most encouraging development; it demonstrates a willingness and sincerity by both parties to work together toward a positive outcome.’’
MTN Nigeria stated that the fine was adjusted by 25 per cent to N780 billion, an amount that was considered inimical to the survival of the business.
Subsequently, the telecom company sought judicial determination as means of protecting its business.
“We are hopeful at this stage; it is clear that we are collectively committed to work out a solution that is of mutual benefit to all parties.
“Our industry in Nigeria is an incredibly important example of the remarkable progress in ICT, particularly as a much needed catalyst for socio-economic growth and development at this time,’’ Moolman added. (NAN)
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