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See why Senate resist FG from reducing MTN $8.1bn fine

On October 2015, the Nigerian Telecommunications Regulator fined South African mobile giant. MTN was fined $5.2 billion for missing a deadline to disconnect unregistered SIM cards.

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This penalty affected major businesses and stocks. For the first time since 1998, Johannesburg lost more than 12% in the stock market.

This fine has grown to $8 billion from it initially $5 billion.

The Nigerian Federal Government (FG) wished the fined be reduced by 1000%. That would means MTN would be paying $800 million.

According to report, the Senate resist FG plans for this huge 1000% reduction.

The Senate claims that its yet to know how the money from $8.1 billion to $800 million was arrived at.

We shall amend the constitution to make President Buhari remain as president until he takes his last breath – Gumau

Dr Josh

Written by Dr Josh

Dr Josh a senior news reporter at Dockaysworld. He's a lover of culture and an advocate of human equality

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