Nigeria Suspends Talks on MTN’s Record Fine as Lawmakers Probe
- House of Representaives investigating phone company’s penalty
- MTN of South Africa fined $3.9 billion in Nigeria last year
This article is for subscribers only.
Nigeria has suspended talks with MTN Group Ltd. about a record $3.9 billion fine on the wireless company indefinitely while the country’s House of Representatives completes an investigation into the size of the penalty and how it was delivered.
The lawmakers “have set up a committee to investigate the MTN saga and they are still on it,” Victor Oluwadamilare, spokesman for Nigeria’s Ministry of Communications, said by phone from Abuja, the capital, on Friday. “Until they are through with it, nothing can be done.”