{"id":9040,"date":"2017-03-31T00:00:00","date_gmt":"2017-03-31T00:00:00","guid":{"rendered":"http:\/\/southafricajournal.com\/?guid=08f6fb2ee67a13e18cf8e491fbd9b02d"},"modified":"2017-03-31T00:00:00","modified_gmt":"2017-03-31T00:00:00","slug":"south-african-telco-mtn-makes-another-partial-payment-to-nigeria-on-its-330-bln-naira-fine","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/south-african-telco-mtn-makes-another-partial-payment-to-nigeria-on-its-330-bln-naira-fine\/","title":{"rendered":"SOUTH AFRICAN TELCO MTN MAKES ANOTHER PARTIAL PAYMENT TO NIGERIA ON ITS 330 BLN NAIRA FINE"},"content":{"rendered":"
ABUJA, MTN, the South African international telecommunication services provider, has made a payment of 30 billion Naira (about 98 million US dollars) to the Nigerian government in part settlement of a 330-billion Naira fine imposed on the telecommunications group’s Nigerian subsidiary for not disconnecting users of its services with unregistered SIM cards.<\/P>
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MTN, , which is the biggest telco in Africa, had earlier paid a first installment of 80 billion Naira on the total fine, which is payable over six installment over a period of three years.<\/P>
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MTN Nigeria was originally fined 5.2 billion USD for failing to de-activate more than five million unregistered SIM cards, but the amount was reduced under a settlement which will see MTN list its local subsidiary on the Nigerian Stock Exchange.<\/P>
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Nigeria, like many other countries, has banned the use of unregistered SIM cards for fear that they may be used by criminals.<\/P>
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Source: NAM NEWS NETWORK<\/P>
<\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
ABUJA, MTN, the South African international telecommunication services provider, has made a payment of 30 billion Naira (about 98 million US dollars) to the Nigerian government in part settlement of a 330-billion Naira fine imposed on the telecommunica…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\n