South AfricaSouthern Africa/May 22, 2019/Agency Reporter /No Comment/154 views /South Africa MTN pays off bulk of $1.5 billion Nigeria fineshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancelSouth African telecoms giant MTN has paid more than three-quarters of a record $1.5-billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said late Tuesday. Africa’s biggest wireless operator was initially fined $3.9-billion in October 2015, after failing to disconnect 5.1 million subscribers—amid concerns the lines were being used by Boko Haram insurgents. ALSO READ It’s ‘God’s chosen’ Mkhwebane vs ‘Mr Clean’ RamaphosaAfter series of negotiations, the fine was reduced to $1.5 billion, or 330 billion naira. “MTN has so far paid 275-billion naira to the federal government,” the Nigerian Communications Commission (NCC) said in a statement. With more than 80% paid, the agency said MTN has until the end of May to pay the rest. MTN, which began operation in Nigeria in 2001, is the country’s largest operator with 53-million subscribers. ALSO READ Sunday movie: Ant-Man And The Wasp – what you need to knowIt generates almost half of its revenue in the oil-rich west African nation, and last week floated on the Nigerian Stock Exchange (NSE). READ MORE: MTN lists on Nigerian Stock Exchange The $6-billion flotation on the Nigerian bourse was part of the agreement to resolve its disputes with the Nigerian authorities over some infractions. ALSO READ Johannesburg turns into Wild West during early morning shootout [video]Last December, MTN agreed to pay a separate $53 million fine after being accused of illegally repatriating $8.13-billion to South Africa. The decision to impose fines shocked MTN and its foreign investors, with four commercial banks involved in the transfer also sanctioned. © Agence France-Presse . . Leave A Comment Below Related Tags:South Africa share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleAtiku Abubakar Advises Parents Over The Increase Of Suicide In Nigerianext articleMan City and PSG ‘playthings of a state’: Liga chief | The Guardian Nigeria News – Nigeria and World News Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.