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

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.