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Wireless

MTN Nigeria agrees to pay NGN 330 bln fine over 3 years

Friday 10 June 2016 | 15:39 CET | News
MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off unregistered SIMs. The operator said it has agreed to pay a total cash amount of NGN 330 billion over three years, which is the equivalent of USD 1.671 billion at the official exchange rate and USD 902 million at the Lagos Parallel Market Rate. It will pay this to the national government in full and final settlement of the matter.

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Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
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