Business Times

MTN in talks with Nigeria regulator to cut $3.9 bln fine and plan payment - Buhari

08 March 2016 - 17:10 By Felix Onuha
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MTN is in talks with Nigeria's telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday.

A man enters a customer’s cellphone sim card details on an MTN Group registration machine at a roadside kiosk in Lagos, Nigeria.
A man enters a customer’s cellphone sim card details on an MTN Group registration machine at a roadside kiosk in Lagos, Nigeria.
Image: Getty Images

The Nigerian president made the comment at a joint news conference with his South African counterpart Jacob Zuma following talks between the pair at the start of the latter's two-day state visit to Africa's most populace nation.

MTN has so far paid $250 million after dropping a legal case against the Nigerian Communications Commission.

- Reuters

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