November 30, 2015 IBOMLLC Team

Nigeria’s $5.2Bn Fine On MTN Nigeria, Prompts Zuma and President Buhari Meet Up

Nigeria's $5.2Bn Fine On MTN Nigeria, Prompts Zuma and Buhari Meet Up

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Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Nigerian Communications Commission (NCC) authorities slapped

The fine by NCC on MTN Nigeria has been described by Strand Consult based in Nigeria as the biggest fine of its kind. MTN has since engaged NCC in negotiations to reduce the fine or at the very least allow the Telecom pay the amount in tranches.

Adebayo Shittu, the Nigeria Minister for communications technology, told the Sunday Times that the backstops with Muhammadu Buhari. He will decide the fate on MTN Nigeria in as far as the fine imposed by NCC on the telecom is concerned.

It so happens that Buhari will be soon be traveling to South Africa for the 2nd China- Africa Summit happening in Johannesburg on December 4-5. He will meet with South Africa President Jacob Zuma, who will play host for the China-Africa summit. The two Presidents of Africa’s biggest economies are also expected to delve into the NCC – MTN wrangles, with the Zuma expected to de-escalate the punishment Nigeria has imposed on the South Africa Corporation.

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Read more here:: Nigeria’s $5.2Bn Fine On MTN Nigeria, Prompts Zuma and President Buhari Meet Up

      

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