MTN Seeks Out of Court Settlement For N1.04tn fine

MTN seeksMTN Nigeria

MTN Seeks Out of Court Settlement For N1.04tn fine

 

Telecommunication giant, MTN seeks out Nigeria has said it is considering out of court settlement with the Nigerian Communications Commission over the imposed N1.04tn fine.

MTN’s lawyer, Chief Wole Olanipekun (SAN), pleaded with the presiding judge, Justice Mohammed Idris to allow the parties explore the option of settlement out of court.

But Abubakar Malami (SAN), the Attorney General of the Federation and Minister of Justice, told the court that the parties had been finding it hard to settle out of court, hence, urged the court to proceed as all the court papers has been properly filed and served.

“This is a matter of national importance. There have been concessions in the past and nothing happened,” said Dipo Okpeseyi (SAN).

After carefully listen to all the arguments from all parties, Justice Idris adjourned till March 18 for possible report on settlement or for hearing in the case.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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