“The mobility report confirms 5G as the fastest growing mobile technology generation ever, and Ericsson is playing a key role in making it happen.”
The relatively unknown Mafab had shockingly won the coveted communications licence ahead of more established communication companies.
The firm’s “ownership and control by the Chinese government raise significant national security and law enforcement risks,” the FCC said in a statement.
Mr Pantami spoke at an internet governance forum in Abuja.
The fines were imposed on Wednesday.
Nigeria ranks 13th country with a monthly average of 6,850 dubious Internet queries about 5G.
The government cited security concerns for the move.
The introduction of 5G networks caused some furore in the heat of the coronavirus pandemic