FG Denies Receiving N50bn Payment From MTN

Forum 8 years ago

FG Denies Receiving N50bn Payment From MTN

Following reports that telecommunication giants, MTN has opted to put to bed its challenge of the N1.04 trillion fine imposed on it by the Nigerian Communications commission and subsequent payment of N50 billion as down payment in good faith, the Federal Government has denied knowledge of such payment.

The Special Assistant to the Minister of Communications, Victor Oluwadamilare in an interview with Vanguard Newspapers, stated that the reports had not been officially communicated to the government and was still under observance.

He said: “That has not been confirmed and I can confirm to you that the situation is still being studied. To the best of my knowledge, the amount announced is not the fine they are expected to pay. Federal Government is still studying it.”

“They decided to go to court and never wanted an amicable settlement. If they now want settlement, there has to be an official statement on that soon.”

MTN had reportedly on Wednesday, February 24 dropped its suit to stop the payment on the fine imposed on them by the NCC in court and proceeded to pay N50 billion as a show of good faith and readiness to pay up the balance.