FG to start fresh talks on $3.9Bn MTN fine

The Federal Government will start new talks with South African mobile phone operator, MTN “very soon” to settle a dispute over a $3.9 billion fine, but the final decision rests with President Muhammadu Buhari, the communications minister said.

“It is (now) for government to meet with them and conclude negotiations,” Adebayo Shittu, minister of Communications made this known to journalist.

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MTN said last week it had withdrawn a lawsuit against Nigeria over the original $5.2 billion fine.

The telecommunications firm was fined for failing to disconnect unregistered SIM users and has paid $250 million towards a settlement of the matter.