Nigeria President Buhari Comments on MTN’s $3.9bn Fine

mtn-logoNigeria’s President Muhammadu Buhari has confirmed that the federal government is in talks with South African telecoms company MTN to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards.

“This is the first time I will personally as a president be making a public comment about it. The concern of the federal government is basically on the security and not the fine imposed on MTN. You know how the unregistered GSM are being used by terrorists.

“And between 2009 and today, at least 10,000 Nigerians were killed by Boko Haram. That was why NCC asked MTN, Glo and the rest of them to register GSM. Unfortunately, MTN was very, very slow and contributed to the casualties”.

According to Buhari, FG is arranging a plan for gradual payment of the fine with MTN.

Buhari made the comment at a joint news conference with his South African counterpart Jacob Zuma following talks between the pair at the start of the latter’s two-day state visit to Africa’s most populace nation.

The South African company has so far paid $250 million after dropping a legal case against the Nigerian Communications Commission.


Be the first to comment