The Nigerian Communications Commission (NCC) has
given MTN Nigeria a deadline of 16 November to pay the fine imposed on it for
failing to register the personal details of 5.1 million subscribers.
This deadline is coming after the South Africa’s
stock exchange, JSE Ltd, launched an investigation into the timing of the
operator’s announcement of its penalty.
A statement by MTN said its 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.
‘‘That’s why they are having the discussion so that
they can reach a solution,” the spokesperson said.
The report also said Nigeria’s presidency and
internal security agency are involved in the talks.
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