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Vanguard quoted a source as saying that the agreement to employ the staggered payment model followed a series of meetings between top executives of MTN Nigeria and South Africa with VP, Prof. Yemi Osinbajo.
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Vanguard quoted a source as saying that the agreement to employ the staggered payment model followed a series of meetings between top executives of MTN Nigeria and South Africa with VP, Prof. Yemi Osinbajo.
READ ALSO: MTN Foundation to Impact 200 Communities in #WhatCanWeDoTogether Campaign
“There have been series of meeting at the Presidency between Vice President Osinbajo and MTN team both from South Africa and the Nigerian arm. MTN wanted a waiver considering their level of investments in the country, but government did not buy the idea of waiver. Instead, I think there will be concession, but certainly not a waiver. At the conclusion of the meeting, the MTN people negotiated on how to stagger the payment. The Presidency is even angry because MTN was a signatory to the regulation, but they are failing to comply with rules.” the source added.
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