EXCLUSIVE: N780 billion fine: Nigerian govt. slams MTN, denies N50 billion payment claim

EXCLUSIVE: N780 billion fine: Nigerian govt. slams MTN, denies N50 billion payment claim

The Nigerian Communications Commission, NCC, on Thursday distanced itself from claims by MTN Nigeria that it persuaded the phone company to withdraw its lawsuit for both sides to reach an out-of-court settlement over a N780 billion fine imposed on MTN by the regulator.

"We (NCC) are not privy to it (agreement to withdraw a case from court and pay $250 million by MTN). We do not have anything to do with it. We do not have any evidence of payment of any money to the Nigerian government. There is no invoice to that effect. We have also not gotten any official information or confirmation that they have withdrawn their case in court,"

"On what basis was the agreement made? We do not know the basis on which they arrived at the $250 million they claim to have paid. For now, no official position on this. We are just hearing it in the news like every other person,"

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