MTN must pay N1.04 trillion fine- Governors

Governor-Abdulaziz-Yari

It was the decision of Nigerian Governors Forum yesterday that the telecom giant, MTN, must pay the N1.04 trillion fine imposed on it by the Nigerian Communications Commission.

Briefing journalists after the meeting, the chairman of NGF, Governor Abdulaziz Yari of Zamfara said have agreed that the fine must be paid in full.

Yari said, “We resolved that we must look at ways to enhance revenue generation and at the same time look at ways to cut our overhead costs, especially the political office holders’ salaries and other overhead expenses.

“The situation is no longer the same when we were asked to pay N18,000 minimum wage, when oil price was $126 (per barrel) and  we continued paying N18,000 minimum wage when the oil price is $41, while the source of government expenditure is from oil, and we have not seen prospects in the oil industry in the near future.

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