Just In!! MTN Agrees To Pay N330bn Fine To FG

Discussion in 'Politics and Government News' started by collegereap, Jun 11, 2016.

  1. collegereap

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    Telecommunications giant MTN has agreed to pay its fine of $1.7 billion(N330bn) to the federal government of Nigeria.

    The South African company revealed this om Thursday in a statement where it admitted its failure to disconnect unregistered mobile phone users.

    MTN said it will pay the fine in a "full and final settlement".

    "MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years."

    MTN was fined $3.9 billion last year and has since been in negotiations with the government.
     
    #1 collegereap, Jun 11, 2016
    Lasted edited by : Apr 14, 2017
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