Communication giant MTN Nigeria got some reprieve from President Muhammadu Buhari yesterday. The President slashed the N1.04 trillion fine imposed on it by Nigeria Communications Commission (NCC) over infractions on subscriber identity module (SIM) card.
The South African firm will now pay N674 billion on or before December 31. The telco got the NCC knock for keeping some 5.2 million pre-registered SIM cards running on its network, contrary to a directive from the regulator that all operators should deactivate such SIMs on their networks.
Heightening security concerns forced the regulator to issue the directive.