Home / News / MTN agrees to pay Nigerian $1.7 billion fine

MTN agrees to pay Nigerian $1.7 billion fine

post-feature-image 

South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users.
[post_ad] The company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.”

Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the government over the payout.

Source: AFP

About Newton Arunaye

Manchester United Fan. Nigerian Blogger, Social Media Expert, Online Music Promoter.

Check Also

Goodbye Etisalat, Welcome to 9mobile

Goodbye Etisalat, Welcome to 9mobile

Congratulations to 9mobile as they take over Etisalat in Nigeria. If you use to be …