MTN pays $250m, withdraws court action against Nigerian authorities

MTN on Thursday paid $250-million to the Nigerian Communications Commission as part of a settlement and withdrew their court action against the authorities.

702/CapeTalk's Stephen Grootes spoke to Group Executive of Corporate Affairs, Chris Maroleng, on the matter.

Listen to the interview below:

We made this payment as a sign of good faith and assist in expediting our ongoing engagement with authorities in Nigeria.

Chris Maroleng, MTN Group Executive of Corporate Affairs

Both our payment of $250 million and the withdrawal of our court case in the Federal High Court in Lagos was a sign and step in the right direction.

Chris Maroleng, MTN Group Executive of Corporate Affairs

We have engaged in this current round of engagement with the Nigerian authorities in good faith with some assurance from them that this would allow to focus their mind at arriving at a conclusion.

Chris Maroleng, MTN Group Executive of Corporate Affairs

This article first appeared on 702 : MTN pays $250m, withdraws court action against Nigerian authorities


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