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Nigeria: N780 Billion Fine - FG Confirms Receipt of N50 Billion From MTN
Daily Trust, 25 February 2016
The minister of communications Adebayo Shittu Thursday confirmed the MTN Nigeria's down payment of N50 billion out of the N780bn fine slammed on it by the Nigerian Communications… Read more »
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Nigeria: MTN Withdraws Suit Against NCC, Pays N50 Billion 'In Good Faith'
Vanguard, 25 February 2016
MTN has withdrawn its suit against the Nigerian Communications Commission (NCC) and paid N50 billion ($250 million) towards an amicable resolution of the fine imposed on the… Read more »
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Nigeria: Exclusive - Govt Slams MTN Over Huge Fine, Denies Part-Payment Claim
Premium Times, 25 February 2016
The Nigerian Communications Commission, NCC, on Thursday distanced itself from claims by MTN Nigeria that it persuaded the phone company to withdraw its lawsuit for both sides to… Read more »
MTN Group Drops Suit Against Nigeria Communciations Body
South Africa's MTN says it has paid U.S.$250 million as a "gesture of good faith and commitment to continued efforts towards an amicable resolution" after the U.S.$3.9 billion fine slammed on it by the communications commission.
InFocus
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The Federal High Court has turned down an application by the government that sought to freeze the accounts of the telecoms company over its failure to deactivate unregistered ... Read more »
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The government has reportedly rejected an attempt by MTN Nigeria to negotiate an out-of-court settlement for the N1.04 trillion fine imposed on it. Read more »
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The MTN Group has hired a former U.S. attorney-general Eric Holder to challenge a U.S.$3.9 billion fine imposed by Nigeria's Communications Commission for failing to disconnect ... Read more »
