Senate summons CBN governor, Accountant General over MTN fine

The Senate has summoned the Attorney General, Governor of Central Bank, Minister of Communications and Accountant General of the federation over the alleged manner MTN’s N1.04 trillion fine was reduced to N330 billion, Vanguard reports.

The reduction which is the second after the Nigerian Communications Commission, NCC, earlier reduced the fine by 25 percent N780 billion also drew the ire of the House of Representatives which regretted that the decision was made without allowing the committee to conclude investigations on the case.

The senate described the reduction of the fine imposed on MTN Nigeria for operational misconduct by the Nigerian Communications Commission as short changing the country.

It, therefore, summoned all the parties involved to appear before it on Thursday to explain their role in the deal.

The Chairman of the committee, Senator Gilbert Nnaji, also noted with regret that the sanction, which was originally N1.04tn, was initially reduced to N780bn before the final resolution at N330bn according to Punch.


Nnaji, in the letter dated June 15, 2016, said the entire transaction was fraught with suspected criminal tendencies as it was allegedly perfected in secrecy.