NCC Fines MTN $5.2 Billion
The Nigerian Communication Commission (NCC) has reportedly slammed telecoms giant MTN with a fine of $5.2 billion. The fine is reportedly as a result of the company’s failure to disconnect unregistered customers at the deadline given by the NCC.
It is the largest fine placed on a telecoms company by the NCC as the previous highest fine ever imposed was N200 million.
MTN has faced challenges regarding its sim registration and are reported to have lost about 5 million customers as a result. MTN had earlier disconnected all subscribers and ordered a fresh reregistration and many customers refused to register their sim cards for a second time.
MTN is Nigeria’s largest telecommunication company, boasting the highest number of active sim cards in Nigeria.