Nigeria accepted cut MTN great after company said it might pull out-official

Nigeria agreed to cut a fine,
imposed on South Africa’s MTN for failing to disconnect
unregistered users, after the company threatened to take out of the
West African nation, a government authorities stated on Friday. “The Nigerian federal government had to listen and yield to the plea
of MTN to decrease the fine because the company stated paying the
fine completely will ground to a stop its operations in Nigeria,”
the authorities said, asking not to be named.

The fine of $1.67 billion will be paid over three years and
is just around a third of the $5.2 billion figure at first
demanded by Nigeria last October.

” The present administration does not wish to ground the
operations of any investor in Nigeria,” he stated, in the very first
government response.

( Reporting by Felix Onuah; Writing by Ulf Laessing; Editing by
Elaine Hardcastle).

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