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Shittu set to brief Reps on MTN fine reduction    

Barrister Adebayo Shittu, minister of Communication Technology, has confirmed he will appear before the House of Representatives Committee on Communications, tomorrow (Thursday) to proffer explanation on why MTN’s N1.04tr fine was reduced to N330billion.

The House Committee chaired by Hon. Saheed Fijabi had expressed discontent, seeking further details on the mode of payment granted to MTN by the Federal Government.

Fijabi expressed disappointment over the issue wondering why the huge reduction on the fine was effected adding that the condition attached to the reduction that MTN trades on the Nigerian Stock Exchange “is a Business benefit to MTN.”

It will be recalled that the Minister was absent on Monday when the House Committee was asking for more reasons why the imposed fine by Nigeria Communications Commission (NCC), on the telecommunications company was massively reduced.

Abubakar Malami, minister of Justice and Attorney General of the federation, who was also invited for explanation could not also appear before the fact finding committee on same date (Monday).

But, the Minister of ComTech who spoke to journalists in Lagos said that a reschedule date with the Committee for hearing on the matter will hold on Thursday.

He said: “I won’t pre-empt the session but I call tell you that by Thursday (June 23rd) when we will now meet, government position and explanations on decision taken will be given.”

It will also be recalled that the Reps Committee had rejected MTN’s offer to pay N330billion instead of the N1.04 trillion it was fine by NCC and had continued to hold this public hearing without coming to conclusion before the final decision on the settlement was taken.

 

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