MTN fine increased again in Nigeria

[BusinessTech]

MTN fine increased again in Nigeria

Mobile network MTN said regulators in Nigeria have adjusted the company’s multi-billion dollar fine upwards again from $3.4bn (R48.9bn) to $3.9bn (R56bn).

 

[pezulu]

Welcome to Africa.
Someone probably did not get their cut.

 

[Former member 61586]

LOL. The cost of doing business and being a douche in Africa.

 

[schumi]

Nigeria fine ‘typo’ sends MTN shares tumbling

Johannesburg - MTN Group had its record fine in Nigeria increased $500 million to $3.9 billion after the country’s telecommunications regulator said it wrote the incorrect penalty in an earlier letter to Africa’s largest phone company.

“There was a typo,” Nigerian Communication Commission spokesperson Tony Ojobo said by phone on Friday, referring to a letter dated December 2 that reduced the original $5.2bn penalty to $3.4bn.

More at:http://www.fin24.com/Tech/News/nigerian-fine-typo-sends-mtn-shares-tumbling-20151204

 

[Unhappy1]

Typo, the Nigerians aren't even inventive with their corruption.

 

[HavocXphere]

Half a billion "typo"....haha.