Nigeria's Buhari to have final word on MTN's $3.9 bln fine - CNBC Africa

Nigeria's Buhari to have final word on MTN's $3.9 bln fine

Western Africa

by Reuters 0

Nigeria's Buhari to have final word on MTN's $3.9 bln fine. Photo: Flickr

Nigerian President Muhammadu Buhari will make the final decision on a $3.9 billion fine on South African cell operator MTN, the telecommunications minister said on Tuesday.

Adebayo Shittu also told reporters that MTN might be advised to withdraw a court case filed against the fine.

"If they withdraw it creates a better environment, an environment where there is no stress or pressure on either side," he said.

Nigerian minister sees no out-of-court settlement with MTN on fine

Nigeria expects no out-of-court settlement with South Africa's cellphone operator MTN over a $3.9 billion fine unless MTN withdraws its lawsuit, its telecommunications minister said.

MTN had filed a suit after the Nigerian telecommunications regulator imposed the fine for failing to disconnect users with unregistered SIM cards.

"As far as we are concerned, there can be no out-of-the-court settlement except if it's taken out of court," Adebayo Shittu told reporters. "I'm not aware of any out-of-the-court settlement." 

Comments