Government Insists MTN Must Pay N50bn Fine.

The Federal Government says  MTN Nigeria has to pay the sum of N50 billion fine  for its violation of Subscriber Identification Module (SIM) cards registration policy.

MTN was fined the N1.04 trillion for failing to register a number of subscribers in accordance with laid down rules.

The Minister of Communications, Mr Shitu Adebayo while making his presentation on the floor of the House on diversification of the Nigerian economy, said that his Ministry asked the telecommunication company to pay N50 billion, but he said the money was not part of the fine.

He told the lawmakers that negotiation for review of the fine could not commence due to the ongoing investigation into the matter by the House. However, he assured the House that as soon as the House concluded its investigation, negotiation of the fine would commence.