N780billion: MTN seeks out of court settlement with FG

Telecommunications company, MTN, is seeking an out of court settlement over the N1.04 trillion fine the Federal government through the National Communications Commission, slammed on it last year for failing to deactivate 5.1 billion unregistered phone lines. MTN had initially dragged FG to court over the fine, arguing that it was outrageous. The Federal government had reduced the fine to N780 billion after the company complained.