Telecom company denies paying bribe to reduce Nigerian fine
South Africa's arm of MTN has denied reports that it bribed Nigerian officials to reduce its fine to N330 billion.
A worker walks past an outlet of South Africa's MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko
MTN said in a statement on Friday there had been allegations that a top official in the Nigerian presidency took a payment towards reducing the fine.
The telecom group was initially fined $5.2 billion last October for failing to deactivate more than five million unregistered SIM cards.
In June, MTN agreed to pay a reduced fine of 330 billion in a settlement with the Nigerian government and said the fine will be paid by MTN Nigeria over three years.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Bandits 'doctor', masterminds of Greenfield University attack, others arrested
Anambra Govt arrests father who marries off underage daughter to a wife beater
Tinubu may return home in commercial plane as presidential jets are still faulty
Wike plans to use drones to fight insecurity, enhance security in FCT
Ogun assembly calls on Govt to take urgent action against rising cult violence
Federal Government vows to eradicate open defecation by 2025
'EFCC no dey joke oh!': Cubana Chief Priest recounts ordeal with anti-graft agency
Nearly 50 people are dead due to the collapse of major highway
How El-Rufai 'fraudulently' obtained $350m loan from World Bank - Shehu Sani
ADVERTISEMENT