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In 2016, Buhari was reportedly presented with evidence that his chief of staff, Abba Kyari, took a N500 million bribe from MTN to help it slash the $5 billion dollar fine slammed against it for violation of Nigeria telecommunications regulations bothering on national security. [81] [82] MTN fired the staff involved in the bribery scandal. [82]
MTN has engaged the service of Mr. Eric Holder, a former US attorney general to intervene in the ongoing slam of $5.2bn fine on the telecommunications company, which was subsequently reduces to $3.2bn by the Nigerian government through NCC after much persuasion. He was hired by the MTN group because of his experience in corporate settlement.
BICS operated as MTN's official international gateway for carrier services globally. Post implementation of the transaction, BICS’ shares distribution becomes the following: Belgacom own 57.6% of BICS, Swisscom 22.4% and MTN 20.0%. [5] [6] October 2017, BICS announced [7] it had completed the acquisition of US-based CPaaS provider, TeleSign.
Credit card fraud involves unauthorized use of your credit account, whether through phishing, skimming or theft. If you suspect fraudulent activity, immediately contact your credit card issuer ...
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A popular text message scam continues to rear its ugly head on phones across the U.S., demanding money from consumers for fake unpaid tolls.. These texts generally try to impersonate the toll ...
Banks V. Telcos USSD Dispute is a 2019 commercial dispute in Nigeria between the banks and telecommunication companies about who should pay for the use of Unstructured Supplementary Service Data (USSD) for financial transactions such as funds transfer, checking account balance and mobile airtime top-ups.