Telecommunication company, MTN, on Friday denied reports it gave bribe to Abba Kyari, the chief of staff to the president, in order to have the N1.04 trillion fine slammed on it by the Nigerian Communications Commission reduced.
The NCC had slammed the N1.04 trillion fine on MTN in October 2015 after the operator failed to disconnect about 5.1 million subscribers it registered improperly on its network.
A report first published by online newspaper, Sahara Reporters, not only accused Kyari of accepting the bribe amounting to about N500 million, but also said that Pres. Buhari has been shown evidence of the bribe payment but decided not to act.
The Chief Executive Officer of MTN, Mr Ferdi Moolman, in a statement said that the company has “no knowledge of this and the allegation is therefore denied. The MTN Nigeria fine was ultimately settled with the Nigerian Communications Commission.”
NCC reduced the fine to N330 billion which is expected to be paid in installments that would last till May 31, 2019.
By the terms of the agreement, MTN is expected to pay N30 billion to the NCC, 30 days from the date the agreement was entered into on June 10, 2016.
MTN is also expected to pay N30 billion to NCC on March 31, 2017 and another N30 billion on March 31, 2018.
It is also to pay additional N55 billion on Dec. 31, 2018 and a balance of N55 billion is expected to be paid on March 31, 2019.