MTN Nigeria has asked the Federal High Court in Lagos to further adjourn the hearing in the suit to enable it enter into negotiations with the Central Bank of Nigeria (CBN) over the $8.1 billion fine imposed on it for alleged monetary policy regulatory infractions. The telecom operator’s lead counsel, Chief Wole Olanipekun (SAN), told […]
Tag: CBN and MTN parley on $8.1bn fine imposed on telco
CBN, MTN Parley On $8Bn Fine Settlement Options
The Central Bank of Nigeria (CBN) and MTN Nigeria, may have reached a tentative agreement on the $8 billion fine imposed on the telco for alleged breach of foreign currency repatriation out of the country. A source in the know of the latest developments on the sanctions imposed on the telco and four banks over […]