[$3.9 billion MTN Fine] Both Parties May Settle Out Of Court

The ongoing battle between MTN and the Federal Government as regards the $3.9 billion fine imposed by the Nigerian Communications Commission (NCC), has taken another twist, as the Judge handling the case has adjourned the matter to March 18, 2016 in order to enable parties to try and settle matter.

MTN had earlier been ordered by the NCC to pay the $3.9 billion fine by Dec.31, with a source confirming that appropriate action will be taken should MTN fail to meet the deadline.

According to reuters, if both parties are unable to reach a settlement, the matter will then proceed on that date.

An analyst suggested here that the Federal Government should sit down with MTN and work out a payment plan spread over 10 years to be paid in dollars if the Government still insists on the fine.