South African telecoms giant MTN
said on Friday it will pay a $1.7 billion (about N330 billion) fine to
the Nigerian government in a “full and final settlement” over its
failure to disconnect unregistered mobile phone users, Daily Mail reports.
MTN Nigeria has agreed to pay a total cash amount of N330 billion over three years.MTN is pleased to inform shareholders that the matter has been resolved with the Federal Government of Nigeria.MTN executive chairman Phuthuma Nhleko “expresses his thanks and gratitude to (the Nigerian government) for the spirit in which the matter was resolved”.
year by the Nigerian Communications Commission (NCC) over inability to
trace the unregistered 5.1 million users in a country faced with
kidnapping and terrorism.