Nigeria's largest telecoms operator, MTN, has been slammed with an unbelievable record-breaking fine of N1.04 trillion by the Nigerian Communications Commission.
The NCC slammed a staggering fine of N1.04 trillion ($5.2bn) on MTN Nigeria over failure to disconnect subscribers with unregistered SIM cards.
According to Technology Times, a news platform, which broke the story on Sunday night, NCC fined MTN Nigeria “for allegedly undermining efforts by the Nigerian government to tackle security challenges and the war on terror and allied crimes, as the telecoms operator has allegedly refused to deactivate unregistered mobile phone lines on its network”.
A top official of MTN Nigeria who spoke on condition of anonymity confirmed the fine.
“This fine is unprecedented in the history of Nigeria. The amount is even bigger than the entire budget of the Federal Government of Nigeria. It is enough to make the operator close its operations in the country," the source said.