N1.4trn Fine, MTN Refuses to Pay, Head to Court
- Skid
- Dec 17, 2015
- 1 min read
South African Telecoms giant MTN, said Thursday it would launch a court challenge against the $3.9 billion fine that Nigeria has ordered it to pay by December 31 for failing to disconnect unregistered users.
MTN, in a statement to shareholders today, said it decided to take this route after exhausting all other options to have the fine reduced.
MTN said that “All factors having a bearing on the matter have been thoroughly and carefully considered, including a review of the circumstances leading to the fine and the subsequent letters received from the NCC.”
“MTN Nigeria, acting on legal advice, has resolved that the manner of the imposition of the fine and the quantum thereof is not in accordance with the NCC’s powers under the Nigerian Communications Act and therefore there are valid grounds upon which to challenge the fine.”
