MTN Drags Nigeria to Court Over $5.2bn Fine

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South Africa’s MTN Group has dragged Nigerian authorities to court over the $5.2bn fine imposed on it months ago.

The telecoms company on Thursday announced that it would challenge in a Lagos court a fine imposed by Nigeria’s telecoms regulator for failing to cut off unregistered users.

MTN was handed a $5.2 billion fine in October, prompting weeks of lobbying that led to the penalty being reduced by 25 percent earlier this month.

Reuters

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