Why MTN’s N1.04 trillion fine was reduced to N780 billion

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Why MTN's N1.04 trillion fine was reducedNigerian Communication Commission has revealed why it decided to slash the fine imposed on telecom giants MTN for failing to deactivate millions of unregistered sim cards.

The commission attributed the little mercy granted to MTN to the company’s admittance of guilt and  weighing the benefits and disadvantages of the severity of the fine the decision was made.

Director of public affairs, NCC, Tony Ojobo in a statement confirmed that the commission also considered the large subscriber base of the telecom company.

“MTN wrote the commission, acknowledged that there has been an infraction and are now pleading for leniency. In the past we have also had people plead for leniency on their sanctions.

At that time, of course the NCC board has not been constituted, no minister, the authority of the president was required for such a decision to be taken in the absence of the minister, and so the commission had to notify the presidency.

“The stakeholders looked at it with all the pros and cons and reduced the fine by 25 per cent. We are aware and conscious of the level of investment MTN has made in this market; they have the largest number of subscribers, it is also important to know that Nigeria remains their biggest market. We have taken all into considerations, and that was what even informed the discussion in the first place. Weighing all of these issues, is why this action has been taken”.

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