My first reaction was incredulity. It must be a scam against a profitable company. Many people have voiced similar concerns. To say that I was dumbfounded would be an understatement. Knowing Nigeria’s reputation as the epicentre of scams such as the notorious 419 extortion racket, the imposition of a fine amounting USD 5.2 billion is out of all proportion to the crime committed. This nightmare scenario for MTN would not be out of character – morally and financially – for a bankrupt government.
Continue reading