MTN has allayed fears that it may quit Nigeria over its ongoing face off with the Nigerian Communications Commission (NCC) over the hefty fine the regulator slammed on the network for failing to disconnect some lines on its network.
But the network has reaffirmed its long-term commitment to its stakeholders including 63 million customers, thousands of employees, vendors, partners and consultants despite the imposition of the N780 billion fine. According to MTN, its belief in the long- term sustainability of the business was one of the drivers of the company’s decision to seek judicial determination in line with due process and the rule of law over the huge N780 billion fine imposed by NCC.
In a statement signed by MTN’s human resources and corporate services executive, Amina Oyagbola, she said “the N780 billion fine has potentially dire consequences for the company, its employees, partners, stakeholders as well as the entire Nigerian telecommunications industry.”
According to Oyagbola, the decision to seek judicial determination was reached after careful consideration of all factors including extensive attempts at a sustainable resolution.