NCC Wants Amicable Resolution Of MTN, CBN Dispute
Image: Bubbles Nigeria

The Nigerian Communications Commission (NCC) has said it is seeking an amicable resolution of the rift between the Federal Government and telecom giants MTN.

This was the stand of the Executive Vice Chairman and Chief Executive Officer of the NCC Umar Danbatta during the ITU Telecom Conference in Durban, South Africa on Tuesday.

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According to Danbatta, the NCC would do everything within its power to negotiate the $10 billion dispute.

“The Nigerian Communications Commission is doing what it can to facilitate an amicable resolution of MTN’s standoff with the tax and finance regulators,” Danbatta said.

MTN has been soaked in allegations of illegal repatriation of $8.1bn and unpaid tax of $2bn by the Central Bank of Nigeria and the Attorney General of the Federation.

However, MTN has denied the allegations and sued the CBN and the Attorney General of the Federation, demanding $3bn from the Nigerian government