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The Nigerian Communications Commission (NCC) has given MTN Nigeria a deadline of November 16 to pay the N1.4 trillion fine imposed on it for failing to register the personal details of 5.1 million subscribers.
This deadline comes after the South Africa’s stock exchange, JSE Ltd, launched an investigation into the timing of the operator’s announcement of its penalty.
MTN CEO is still in talks with the Nigerian authorities and its senior management and advisers also talking to JSE, after the announcement of the fine knocked around 20 percent off the company’s stock price..
Nigeria’s presidency and internal security agency are involved in the talks.
Spokesman for the NCC said the outcome of the discussion may affect the date.
Great lose for MTN…. Who did they offended