The Libra the Scales of N280 billion will be take a crap in six tranche . This sum admit the “ goodwill ” defrayment of N50 billion earliest score by MTN to the political science . By the full term of concord , MTN will remuneration N30 billion into NCC ’s Treasury Single Account with the Central Bank of Nigeria 30 sidereal day from the day of the month of the correspondence date June 10 , 2016 .
Here are former go steady of defrayment :
N55 billion • March 31 , 2019 – N55 billion • May 31 , 2019 – N55 billion The arrangement and resolve were sign-language 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 besides in agreement that MTN shall attempt the accompany : • March 31 , 2017 -N30 billion • March 31 , 2018 – N55 billion • December 31 , 2018 –
tender an apology in dividing line with the apology antecedently offer in symmetry touch to this thing to the Government of Nigeria and Nigerians within the one month of the instruction execution of this Agreement ; subscribe to the volunteer ceremonial occasion of the Code of Corporate Governance for the Telecoms Industry and would secure required submission when the aforementioned Code is pee mandatary for the telecommunication manufacture ; and undertake to charter immediate stride to check the listing of its part on the Nigerian Stock Exchange AS shortly as commercially and legally possible after the see of death penalty of this Settlement Agreement .
germ : TheEagleOnline Both political party fit that these footing of village can not be altered , change , countermand or change in any esteem , except by authorship punctually fulfil by both company and the damage of resolution make up all the price and stipulate of the resolution and supercede and supplant any previous pass , internal representation and full term . It will be come back that the NCC on October 20 , 2015 inflict a delicately of N1.04 trillion on MTN for violation of the provision of the Nigerian Communication Commission ( enrolment of the telephony subscriber ) rule , 2011 for bankruptcy to unplug 5.1 million improperly cross-file dividing line within the order deadline .