MTN Withdraws Suit, Pays N50bn ‘In Good Faith’

NCC had fined MTN N1.04 trillion for failing to deactivate 5.1 million unregistered SIM cards and later reduced the amount to N780 billion after the first round of negotiations.

MTN Nigeria Buildings Weather Report
However, MTN filed a suit as the December 31, 2015 deadline drew near, and later requested an out-of-court settlement.
On Wednesday, the mobile phone company finally withdrew the case at the federal high court in Lagos in response to a request by the Nigerian authorities.
Ferdi Moolman, the CEO of MTN Nigeria said on the withdrawal: “This is a most encouraging development. It demonstrates a willingness and sincerity by both parties to work together towards a positive outcome.”
MTN paid N50bn to the federal government “as a gesture of good faith and commitment to continued efforts towards an amicable resolution”, according to the telecoms company. Moolman further said: “We are hopeful at this stage. Along with the authorities, it is clear that we are collectively committed to working towards a solution that is of mutual benefit to all parties. Our industry in Nigeria is an incredibly important example of the remarkable progress in ICT particularly as a much needed catalyst for socio-economic growth and development at this time.”

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Munster Rugby Coach Dies Suddenly In Paris

Munster Rugby head coach Anthony Foley has died suddenly at their team hotel in Paris. Foley, 42, died overnight at the hotel, where the team were staying prior to Sunday's game against Racing 92. The European Champions Cup game was postponed following the former Ireland international's death. A statement by the Irish Rugby Football Union said: "The IRFU and Munster Rugby pass on our deepest sympathy to all of Anthony's family and friends." It added: "We ask for privacy for the family at this sad time." Foley is survived by his wife Olive and two children.

Hot New music: Yebo by xtrovert

You really have to listen to this new song from "Xtrovert"a.k.a Mr Yebo titlled "Yebo" From C.x.p Entertainment. Early this year he dropped a single titled “OMO SEXY” which was a banger. Expect more dope tunes from the versatile artist. “YEBO” was produced by LATHAMIX. Enjoy!! Download Mp3

People Reveal The Most Insulting Presents They Have EVER Received

With Christmas just nine weeks away it isn't long before many of will be practicing our fake smiles when someone doesn't quite hit the mark with a gift. However, these Redditors were really pushed when it came to showing gratitude for a particularly poor set of presents. In a new thread user Millenial_Trash asked 'What's the most insulting gift you've ever received?' and they were met with a wash of stories of disappointing birthdays and Christmases. Going by the username TheBeardItchesn one user described a bizarre incident when he was gifted with his own belongings. He recalled: 'First time I ever met my future mother in law was at Christmas. She went into my travel bag and took out a pair of my own socks, put a bow on them then presented it to me as an xmas gift. 'I assumed it was a gag gift type scenario and laughed. She was deeply offended that I didn't appreciate her efforts to show me that I was welcome in the family.' While it isn...

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