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In a statement signed by its Senior
Manager, External Relations, Funso Aina,
the MTN’s Chief Corporate Relations Officer, Tobechukwu Okigbo, said the successful resolution of the fine was
the outcome of active collaboration between the NCC and MTN.
He said: “We
are very pleased to have completed the payment of the N330 billion negotiated
settlement with the NCC. We are particularly gratified to be in a position to
have fully met the terms of the settlement within the agreed time frame. I
would like to thank the NCC for their constructive and collaborative approach
to this issue, and believe that we emerge from it with a stronger relationship,
focused on ensuring maximum value is delivered to our people, from a strong and
growing telecoms sector.”
Corroborating, a source at the NCC also
confirmed the payment. According to the source, MTN paid the money into the
Treasury Single Account (TSA) account with the Central Bank of Nigeria (NCC). http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The fine, initially put at N1.04
trillion before it was reduced to N330bn, landed on MTN’s back in October,
2015, when the biggest telecom operator flouted some of the country’s SIM
registration rules.
After six months of negotiation and
re-negotiation over the fine which led to the reduction to N330 billion, it was
agreed that MTN would pay a balance of N280bn in six tranches. This was in
addition to the “goodwill” payment of N50 billion earlier made by MTN to the
government.
Fellow Nigerians,
are you aware that our crude oil will soon become useless? Yes, it will, in no
distant time, become valueless owing to the fact that the countries that rely
on it as their only source of energy are developing more affordable alternative
sources of energy. When this finally happens, what will we do? How are we
currently preparing for this imminent economic doom? Which other sector will
continue to stabilize our economy? Nigerians, the only solution is developing
the agricultural sector. In fact, this is the only solution. Very soon, the
major source of revenue will become agriculture and agro-exports. How are you
positioning yourself to play big in agro-export business? Why don’t you get a
practical manual that explains the stages of export trade from processing and
packaging of commodities to receipt of payment by the foreign buyers? Yes, arm
yourself with the contemporary trends in export trade. This manual explains
export operations, export management, export documentations and methods of payment
in export trade? Yes, it is a contemporary step-by-step guide to export trade.
It tells all the contemporary dynamics in export trade. To get it, click on this
link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Specifically, MTN
began the payment structure with the payment of N30bn into NCC’s Treasury
Single Account with the Central Bank of Nigeria, 30 days from the date of the
agreement dated June 10 2016. Subsequently, MTN paid N30 billion on March 31,
2017, N55 billion on March 31, 2018, N55 billion on December 31, 2018, and on March 31, 2019, it paid N55 billion. http://www.tectono-business.com/2016/06/are-you-estate-surveyor-or-property.html
In an agreement reached by the parties
involved in a way to avoid a decision likely to cripple the business interest
of the operators and the commission, it was also agreed that MTN should
apologise to Nigerians, subscribe to the compulsory observance of Code of
Corporate Governance for Telecoms Industry, as well as undertake immediate
steps to ensure its listing on the Nigerian Stock Exchange (NSE). This has been
done. (Sun)
Are you an exporter? Do you like
to master the contemporary dynamics of non-oil export trade and avoid getting
defrauded by the foreign buyers of your exportable products? Click on the link
below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Are
you tired of your car’s same old look? Is your vehicle losing shape &
colour? Do you desire your vehicle to look like a
brand new one? Then, it is the
right time to come to GOF Autos Limited for priming, panel
beating, painting (with Sikkens paint) and oven baking at rate of N70,000
for cars and N80,000 for SUVs. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
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