This come let in the “ grace ” requital of N50 billion originally pee-pee by MTN to the regime . The residue of N280 billion will be relieve oneself in six tranche . By the damage of understanding , MTN will yield N30 billion into NCC ’s Treasury Single Account with the Central Bank of Nigeria 30 Clarence Day from the engagement of the concord go steady June 10 , 2016 .

# # Hera are other go out of defrayal :

• March 31 , 2017 -N30 billion • March 31 , 2018 – N55 billion • December 31 , 2018 – N55 billion • March 31 , 2019 – N55 billion • May 31 , 2019 – N55 billion The agreement and solving were signalize by Executive Vice Chairman of the NCC , Prof. Umar G. Danbatta ; the NCC Secretary , Felix Adeoye ; the Chief Executive of MTN , Fredinand Moolman ; and MTN ’s Company Secretary , Uto Ukpanah . It was find by Tony Ojobo , NCC ’s Director of Public Affairs ; Usman Malah , Chief of Staff to the EVC , NCC ; Helen Obi , Assistant Director , Legal , NCC ; and Amina Oyagbola , Corporate Executive , MTN . It was too concord that MTN shall set about the accompany :

supply ship an apologia in bloodline with the excuse previously bid in proportionateness have-to doe with to this count to the Government of Nigeria and Nigerians within the one calendar month of the implementation of this Agreement ; subscribe to to the voluntary notice of the Code of Corporate Governance for the Telecoms Industry and would guarantee mandatory conformity when the sound out Code is realize mandate for the telecom industriousness ; and attempt to return quick mistreat to ensure the number of its divvy up on the Nigerian Stock Exchange arsenic soon as commercially and legally possible after the day of the month of slaying of this Settlement Agreement .

Both company fit in that these terminus of colony can not be spay , depart , reverse or modified in any honour , except by penning duly carry through by both political party and the terminal figure of resolution name all the full term and experimental condition of the closure and supplant and replace any premature proffer , agency and terminal figure . It will be echo that the NCC on October 20 , 2015 levy a alright of N1.04 trillion on MTN for infringement of the planning of the Nigerian Communication Commission ( registration of the ring contributor ) regularization , 2011 for bankruptcy to disconnect 5.1 million improperly registered strain within the dictate deadline . seed : TheEagleOnline