Tuesday, March 8, 2016

NEWS - MTN Fine To Overshadow President Zuma's Visit To Nigeria


Image result for mtn south africa
telecoms.com
MTN South Africa 

South Africa's President Jacob Zuma is expected to hold talks with his Nigerian counterpart Muhammadu Buhari and address the national parliament on his two-day visit to the country.
The official trip is being seen as an attempt to improve relations between Africa’s two largest economies.  
Several government ministers are joining President Zuma on a trip that’s expected to focus on trade. 
But it will be overshadowed by the multi-billion dollar fine imposed by Nigeria on South Africa telecoms giant MTN for failing to disconnect unregistered SIM cards. 
MTN has so far paid out $250m (£175m) and is currently trying to negotiate a settlement. 
Other South African firms claim they’re being unfairly targeted by regulatory bodies. 
But President Buhari’s government insists that regulations must be implemented as part of its efforts to clean up corruption within the country

SOURCE - bbc.com BY Martin Patience BBC News, Nigeria Correspondent. 


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2 comments:

  1. Idk how he can get out of this one

    ReplyDelete
  2. That is their own biz..buhari shld jt make things right nigeria is getting worst by the day

    ReplyDelete

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