MTN pays $98m tranche of Nigerian fine, with more than $1.6bn to go
31 March 2017 - 16:24
Lagos — Telecoms giant MTN has paid nearly $100m of a $1.7bn fine for failing to disconnect unregistered SIM cards in Nigeria, officials said on Friday. "MTN has paid 30-billion naira ($98m, €92m) as part of the fine," Tony Ojobo, spokesman for the Nigerian Communication Commission (NCC) told AFP. "The payment is in furtherance of the agreed timetable for payment of the total fine." He said MTN had already paid 80-billion naira of the total fine of 330-billion naira. Ojobo said MTN was expected to pay the next tranche "based on the payment schedule agreed by the two parties".
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