Two days after the visit of South African Pres. Jacob Zuma to Nigeria in which he made the case for a renegotiation between the Nigerian government and telecoms giant, MTN, the company has proposed to pay 300 billion naira ($1.5 billion).
It will be recalled that the fine against the company for failing to disconnect unregistered subscribers was a record $5.2bn.
MTN’s new offer was contained in a document handed to reporters at the Nigerian senate on Thursday.
During the visit of Zuma to Abuja on Tuesday, Nigeria’s Pres. Muhammadu Buhari spoke about the MTN penalty for the first time, saying that the company’s inaction aided Booko Haram and contributed to the casualties recorded by the insurgents.
More to follow…