MTN pays $250m in Nigeria fine dispute

GMT 13:23 2016 Wednesday ,24 February

Arab Today, arab today MTN pays $250m in Nigeria fine dispute

Nigeria economy
Johannesburg - Arab Today

South African telecoms giant MTN said Wednesday it had paid $250 million to the Nigerian government in a dispute over $3.9 billion fine imposed last year for failing to disconnect unregistered users.

"Pursuant to the ongoing engagement with the Nigerian Authorities, MTN Nigeria has today made a... good faith payment of 50 Billion Naira ($250 million)," Johannesburg-based MTN said in a statement.

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