MTN Group appears to have paid about N50 billion out of
the N780 billion fine imposed on it by the Nigerian Communications
Commission (NCC).
The company, in a statement, explained that the payment was made “on
the basis that this will be applied toward a settlement, where one is
eventually, hopefully arrived at.
MTN also agreed to withdraw the matter from the High Court in Lagos to achieve an “amicable settlement.
“In renewed steps towards a negotiated settlement and to create a
conducive atmosphere for further negotiations, MTN Nigeria today
withdrew its case against the NCC at the Federal High Court of Lagos in
response to a request by the authorities. Read more
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