FG Rejects MTN's out of court $3.4billion fine for settlement offer
The
federal government has disowned the out of court settlement offer by
telecoms firm MTN over the $3.4 billion fine slammed on it in December
last year.
MTN
was fined $5.2bn by the Nigerian Communications Commission (NCC) in
October for regulatory infractions, but later reduced it to $3.4 billion
but MTN later went to court to challenge the fine.
The company on Friday issued a statement, saying it would now settle the case with the government out of court.
But
the minister of communications Barrister Adebayo on Tuesday in Abuja
said the federal government was not aware of any out of court settlement
over the fine.
“We
are not aware of any out of court settlement on the issue. We will not
accept out of court settlement until MTN willingly discontinue the
case”, Adebayo said at a press conference where he unveiled the new ICT
road map for 2016-2020.
He said MTN wanted to buy time by taking the federal government to court instead of paying the fine.
The government would slug it out with the company to the final point, he said.
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