NCC explains why it reduced MTN’s N1.04trn fine

The Nigerian Communications Commission, NCC, Tuesday, defended the reduction of the N1.04 trillion fine slammed on MTN Nigeria to N780 billion, insisting that it acted in the interest of the stability of the telecom sector.

According to the commission, it considered all pros and cons and arrived at a decision that it considered favourable to all parties.

This was stated by NCC’s Director of Public Affairs, Mr Tony Ojobo, who added that after considering the operator’s admission of guilt, huge investment in the country, the large subscriber base and Nigeria being its largest market, the decision to arrive at the reduction was not too difficult.

Read also: How MTN secured $3.4b fine

Ojobo said: “MTN wrote the commission, acknowledged that there has been an infraction and are now pleading for leniency. In the past we have also had people plead for leniency on their sanctions.

“At that time, of course the NCC board has not been constituted, no minister, the authority of the president was required for such a decision to be taken in the absence of the minister, and so the commission had to notify the presidency.

“The stakeholders looked at it with all the pros and cons and reduced the fine by 25 per cent. We are aware and conscious of the level of investment MTN has made in this market; they have the largest number of subscribers, it is also important to know that Nigeria remains their biggest market. We have taken all into considerations, and that was what even informed the discussion in the first place. Weighing all of these issues, is why this action has been taken”.

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