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Telecom company denies paying bribe to reduce Nigerian fine
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A worker walks past an outlet of South Africa's MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko
South Africa's arm of MTN has denied reports that it bribed Nigerian officials to reduce its fine to N330 billion.
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South Africas MTN denied it paid a bribe to Nigerian officials to reduce its fine to 330 billion naira ($1.05 billion) as part of settling a dispute over disconnecting unregistered SIM cards in the West African country.
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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.
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