South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users.
The company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.”
Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the government over the payout.
Now Plus All the Recovered Trillions of Naira Nigeria Should not have a Problem Anymore RIGHT ?
OR ARE THEY STEALING THE RECOVERED LOOT AGAIN ?
|GDP Growth Rate Projection||4.37%|
|Oil Related Revenues||820 billion Naira|
|Non-oil Revenues||1.45 trillion Naira|
|Projected Independent Revenues||1.51 trillion Naira|
|Capital Expenditure||1.8 trillion Naira (30% of total budget)|
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