Government insists deadline on MTN payment of fine subsists
Written by Taiwo Adediran on December 22, 2015
Meanwhile, the Federal Government has said it would neither be cowed nor threatened by MTN’s court action challenging the seven hundred and eighty billion naira fine placed on it. The government insists that the telecommunications company risks another fine if it fails to pay on or before the December thirty-first deadline.
Minister of Communications, Mr Adebayo Shittu, who made the statement while reacting to the suit instituted by the telecom operator at a Lagos High Court, however admitted that MTN has the right to seek court’s interpretation if it feels dissatisfied with the action of the regulator.
He noted that it is unwise for MTN to go to court after the Federal Government had magnanimously reduced the fine from one-point-four trillion naira to the present amount.
MTN has however insisted that its action was informed by commitment and belief in the long term sustainability of its business.