News Update!! MTN seeks out of court settlement with NCC

Telecommunications company giant, MTN, is seeking an out of court settlement over the N1.04 trillion fine the National Communications Commission (NCC), slammed on it last year for failing to deactivate 5.1 billion unregistered phone lines.

At a resumed hearing of the suit at the Federal High Court Ikoyi today January 22nd, the lead counsel for MTN, Wole Olanipekun, told the presiding judge, Justice Mohammed Idris, that they have considered settling out of court with the Federal government.

Following the request by MTN, the presiding judge adjourned the case to March 18, 2016 hoping that both parties would have reached an agreement before then.

Note: In 2015, the NCC reduced the fine from N1.04 trillion to N780 billion while insisting that MTN pay up before December 31, 2015.

Get more info at News24

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