Nigeria's $500m typing error over MTN fine

Telecoms

Nigeria's telecom regulator says it made a $500m (£330m) typing error when announcing a reduction in a massive fine imposed on Africa's largest mobile operator, MTN.

The Nigerian Communications Commission (NCC) initially said the $5.2bn fine had been reduced to $3.4bn.

But NCC spokesman Tony Ojobo says the correct amount is $3.9bn (£2.5bn).

The original sanction was imposed in October for failing to cut off unregistered users.

The company has not yet commented.

Since the original fine, the South African company has made a number of senior managerial changes, which included the resignation of the MTN chief executive, Sifiso Dabengwa.

The fine was reduced after MTN complained to the NCC.

"There was a typo. The reduction should have been 25%," Mr Ojobo told the Bloomberg news agency. "We saw the mistake and had to fix it." The amount has to be paid by December 31.
Source: BBC News 4 December 2015