Connect with us

Business

Ex-minister Shittu denies taking bribe to reduce MTN’s $330m fine

Published

on

Internet access revenue dominates Nigeria’s entertainment & media earnings- experts

Former Minister of Communication, Adebayo Shittu, has denied claims he took bribe from Mobile Telecommunication Network (MTN) to influence the reduction of the fine imposed on the company by the National Communication Commission (NCC).

While addressing newsmen on Thursday in Abuja, Shittu explained that MTN practically blackmailed the federal government into reducing the over $330 million controversial fine.

According to the former Minister, MTN told President Muhammadu Buhari that if they were made to pay the fine, they may have to shut down operations in Nigeria and sack all their Nigerian workers. They also threatened to withdraw their deposit with which some Nigerian banks were doing business.

Shittu stated that Buhari acted in national interest in authorising reduction of the fine, adding that it would have been wrong to create an impression that there was no ease of doing business in Nigeria

“A lot of blackmailers have been blackmailing me that I took money. Even if I wanted to take money, the opportunity never arose because the file on the MTN crisis never got to my office and I never had a role to play,” he said.

“If you know the working of the Ministry and its agencies, you will realise that each of its agencies has their separate laws.

READ ALSO: DPR revokes oil licenses of MKO’s company, 4 others

“Remember the NCC laws predate establishment of the Ministry of Communication. The NCC laws took care of any supervisory role the Ministry would have played which is the role of policy formulation and not operational engagement. NCC has a board which takes care of implementation.

“I did not have a role to play in the implementation but what happened was that MTN, as an international company, cried out to the President to say that if they had to pay the amount of fine imposed on that at that time, they are likely to close shop and there will be consequences.

“The consequences included that all Nigerian staff of MTN will lose their job, all the banks they operate with will have serious upheaval in term of the fact that they will have to withdraw their money from Nigeria an some banks will be in a state of near collapse if that happens.

He added: “Thirdly, recall that Nigeria invited them to come and invest in Nigeria. If we give the impression that there is no ease of doing business in Nigeria or that government will rush to “kill” foreign companies in Nigeria, other foreign companies we are inviting to come and invest will not come.

“So, because of the intervention of the international community, the President had to wade in to reduce the cost and he did that in consonance with what happen in the court system. What the President did was to play the role of an appeal platform in reducing that cost.

“Even in reducing that cost, conscious of the fact that in MTN itself, heads had to roll because it was an act of negligence that more than 5 million subscribers were not captured. But for Nigeria, I would say that the 330 billion dollars is money we have not really worked for.

“It is unfortunate that MTN violated the laws and we are not saying they should continue to violate the laws. When they did, sanction was imposed on them and I didn’t think Nigeria should regret the reduction of the fine”.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now