Nigeria's Communications Comission Accepts MTN Nigeria's 'Chump Change' Settlement

Published: Feb. 29, 2016, 6:41 a.m.

It would seem that MTN might be off the hook over the small matter of the several billion dollars it owes/owed the Nigerian Communications Commission (NCC)\u2014 proving to many that \u201call animals are equal, but some animals are more equal than others\u201d, or as Tefo Mohapi so eloquently put it in this week\u2019s episode of the African Tech Round-up, \u201cTIA\u201d.\n\nMTN Nigeria seems to have taken the casual legal advice of a certain Kyle Torrington of LexNove who joined me on last week\u2019s show and suggested that the least MTN ought to do is start demonstrating some goodwill by taking steps to right some of its wrongs on the continent. It\u2019s just that relative to the $3.9billion fine levied by the NCC, MTN\u2019s $250million show of \u201cgood faith\u201d seems rather pithy.\n\nListen in to this week\u2019s show to hear Tefo Mohapi and Andile Masuku factor in on what is clearly the biggest break MTN has landed in months, that is, if the spike in the company\u2019s share price is anything to go by.\n\nMusic Credits:\nMusic by Kevin MacLeod (incompetech.com)\nMusic licensed under Creative Commons: By Attribution 3.0