MTN has finally bowed to pressure as it has accepted to pay the N1.04 trillion fine slammed on it last week by the telecoms regulatory authority, the Nigerian Communications Commission (NCC). Accordingly, the telecoms operator was fined for violating its directive on SIM deactivation. This follows series of meeting held between MTN management team from South Africa and Nigeria with the Vice-President, Prof. Yemi Osinbajo. The telecoms operator which has the largest subscriber base in Nigeria, it was gathered, may have agreed to pay the fine to sustain the interest of its telecoms business. Industry sources who confirmed the new arrangement, disclosed that the federal government is already yielding to the plea, which according to him, was part of the agreement reached at the series of meeting held at the weekend in Nigeria.
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