Nigeria extends deadline for MTN’s $5.2bn fine payment

mtn-nigeria-

The Federal government of Nigeria has stated that it will not enforce a $5.2 billion fine imposed on South Africa’s MTN until negotiations have been concluded.

The telecommunications company made this disclosure on Monday.

The Nigerian government had slammed a $5.2 billion fine on the company for failing to disconnect 5.2 million unregistered SIM cards.

Nigerian government had set November 16 as deadline for payment of the fine.

YOU MAY ALSO LIKE:   Buhari orders removal of military checkpoints nationwide, places Police in charge

“Although the Nigerian Communications Commission set a deadline for payment of the fine by Monday, 16 Nov 2015, shareholders are advised that the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded,” MTN said in a statement today.

MTN and Nigeria are still in negotiations, the company added.

Daily Post

Kindly share this story

Similar Posts

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.