N1.04TRN MTN FINE: SENATE SUMMONS AG, CBN GOV, ACCOUNTANT GENERAL, OTHERS

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The Senate has taken a swipe at the executive arm of the government over the alleged manner MTN’s N1.04 trillion fine was reduced to N330 billion. It described the reduction as short changing the country and therefore summoned the Attorney General, Governor of Central Bank, Minister of Communications and Accountant General of the federation, to come and explain their roles in the affair.

The fine which was imposed on the operator by the Nigerian Communications Commission, NCC, last October, was for alleged operational misconducts. The reduction which is the second after the Commission earlier reduced the fine by 25 percent N780 billion also drew the ire of the House of Representatives committee on communications, which regretted that the decision was made without allowing the committee to conclude investigations on the case.

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