MTN Group CEO Sifiso Dabengwa has arrived in Nigeria to negotiate with the Federal Government over the N1.04trn fine imposed on the telecom firm by the Nigerian Communications Commission (NCC) ) for violating its directive on SIM deactivation.
Dabengwa, who led a powerful team from South Africa, is currently in Abuja where he will be engaging Nigerian authorities concerning the company’s fine.
Dabengwa, who served as CEO of MTN Nigeria between 2004 and 2006, is expected to meet with the NCC Executive Vice Chairman, Umaru Garba Danbatta, National Security Adviser, Major-General Babagana Monguno (rtd.), and Chief of Staff to the President, Alhaji Abba Kyari, to negotiate a soft landing for the company.
“Any material developments in these engagements will be communicated to shareholders,” a statement from the company issued on monday stated.
MTN has until November 16 to pay the fine, which relates to the timing of the disconnection of 5.1 million subscribers and is based on a charge of N200,000 for each unregistered customer not disconnected from its network.
Source - Thisday
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