MTN Nigeria has paid a total of N110bn into the coffers of the government out of the N330bn imposed on it by the Nigerian Communications Commission (NCC).
Executive Vice Chairman of the NCC, Prof. Umar Danbatta, said this at a workshop on Code of Corporate Governance organised by the commission in Kano on Thursday.
NCC had in October 2015 imposed a fine of N1.04tn on MTN for irregular registration of subscribers.
But the fine was reduced after MTN negotiated with both the regulatory agency and the Federal Government.
Danbatta explained that the matter had been resolved with an agreement for settlement over a three-year period signed between the agency and MTN.
He said, “Current evaluation report of the state of the industry suggests that whilst not understating the impact of other external and fiscal issues confronting the sector, that most challenges negatively affecting the health of operators in the sector today are attributable to poor governance issues.
“It is currently rejigging its regulatory oversights in the areas of ensuring that consumers get cost effective value for money spent on telecommunication services; and that service delivery by providers are qualitative and efficient.”