Nigeria to Enforce Dec. 31 Deadline for $3.9 Billion MTN Penalty
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Nigeria will enforce a Dec. 31 deadline for MTN Group Ltd. to pay a $3.9 billion fine even after Africa’s biggest wireless operator said it would challenge the penalty in a Lagos court, according to a spokesman for the communications ministry.
“MTN has the right to seek the court’s interpretation if it feels unsatisfied with the action of the regulator but nothing would stop the government action on the fine,” Victor Oluwadamilare, the spokesman for Communications Minister Adebayo Shittu, said in an e-mailed response to questions on Tuesday. Nigeria won’t consider an extension to the deadline, he said.