BREAKING: Telecoms giant MTN agrees to pay Nigerian $1.7 billion fine

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.

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.

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Anifowose Abiola

Howdy, I’m Anifowose the owner of www.sherotech.com. I’m a web developer living in Lagos, Nigeria. I am a fan of technology, web development, and design. You can visit my website with a click on the button above.

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