It has emerged that the office of the Office of the National Security Adviser (NSA) to the President may wade into the $5.2billion (N1billion equivalent) fine issue against MTN by the Nigeria Communications Commission (NCC) because of the security implications.
The NCC has given MTN the monetary penalty over non-registration of many of its subscribers and on Thursday the telecoms regulator handed a November 16 deadline to MTN Nigeria to pay the penalty or risk more severe sanctions, which may include suspension of license.
Since the penalty was slammed on MTN, there have been apprehensions in some quarters. MTN says the fine is too heavy but many of its customers are unfazed given what they called the service provider’s extortionist ways.
Some, however, feared the heavy fine may have its effects on other would-be investors moving to come into the country.