The management of MTN Nigeria have decided to back pedal in their court case against the National Communication Commission(NCC) over the N1.04 trillion fine imposed on it for failure to deactivate 5.1 million unregistered subscribers.
The company’s legal counsel, Wole Olanipekun (SAN), told the Federal High Court, Ikoyi, Lagos on Friday that the telecom giant wants to pursue an out of court settlement.
MTN went to court to argue that the regulator had no power to penalise it on the matter. The issue caused a lot of upset within the company with the replacement of its chief executive, by the parent company in South Africa, fuelling fears of the sacking of scores of staff members.
The company’s decision to settle out of court will certainly douse the tension over the matter.
The case was adjourned to March 18, 2016 in order to enable parties to try and settle matter. But the case will continue if they are unable to settle.