[JUST IN] What President Buhari Just Said Concerning $3.9 billion MTN Fine

President Muhammadu Buhari on Tuesday, said that the Federal Government is in talks with MTN over the $3.9 billion fine imposed on it for failing to disconnect unregistered sim cards, whilst arranging a gradual payment plan with the South African telecoms giant, Reuters reports.

Buhari disclosed this in a joint news conference with his South African Counterpart Jacob Zuma who is on a two-day visit to Nigeria.

MTN paid $250 million (N50 billion) last week after dropping a legal case against the Nigerian Communications Commission.

More to follow…

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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