Nigerian President will have final say on MTN fine — report - Mobile World Live

Nigerian President will have final say on MTN fine — report

27 JAN 2016

Nigeria’s government wants MTN to withdraw its court case against the country’s telecoms regulator regarding a $3.9 billion fine, in what appears a pre-condition for any out-of-court settlement.

Last week, a federal high court judge in Lagos gave MTN a deadline of 18 March to settle the issue outside of court, following the operator saying it would not pay a “dime or penny” of the fine imposed by the Nigerian Communications Commission in October.

While telecoms minister Adebayo Shittu said he was not aware of any out-of-court settlement, he added that if the case is withdrawn, “it creates a better environment where there is no stress or pressure on either side”.

Shittu’s comments were reported by a number of media outlets, including Reuters.

He also said President Muhammadu Buhari will have the final say on the matter, effectively setting another pre-condition.

The fine, which originally stood at $5.2 billion, was cut by 25 per cent after lengthy negotiations, but MTN was still not satisfied, and said in December it would take the issue to court.

Author

Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

Read more

Related

Tags