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How Holder, US Lawyer Helped Cut Billions off MTN Fine

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Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. Five months later, it struck a deal to pay less than half of that.

The entrance of Holder, who stood down as attorney general last year after presiding over some of the largest corporate settlements in American history, marked a change of strategy for the South African company.

MTN dropped a three-month legal challenge against the fine and, according to government sources and letters seen by Reuters, asked Nigerian Attorney General Abubakar Malami to put forward a proposal for a reduced fine to the communications regulator, the official authority in the dispute.

The regulator, the Nigerian Communications Commission (NCC), rejected the proposal as unjustifiable, documents show, but three months later it accepted a broadly similar deal. Reuters was unable to determine the role, if any, that Holder played in the change of heart.

MTN, Holder, Malami and the NCC all declined to comment on the negotiation process.

There is no indication that any individuals acted improperly, and companies have often reached settlements with regulators in Nigeria.

Lawmakers have however criticised the opaque nature of the settlement process, saying it set a precedent for other firms dealing with Nigerian authorities.

The 780 billion naira fine – $3.9 billion at the exchange rate at the time – was set by the NCC in December over MTN’s failure to deactivate more than 5 million SIM cards not registered by customers. Nigeria has been trying to halt the use of unregistered cards over concerns they are being used for criminal activity, including by Islamist militant group Boko Haram.

MTN, Africa’s biggest telecoms company, initially launched a high court challenge against the fine, arguing the watchdog had no legal grounds to order it. The law states that the NCC does have the right to impose such a penalty.

In February, however, MTN withdrew the lawsuit and paid a “good faith” payment of 50 billion naira to the government which it said was part of efforts to reach an amicable settlement and would go towards the eventual fine agreed.

The NCC said at the time that it had not agreed to enter into any talks with MTN and that it stood by the 780 billion naira penalty.

Rather than dealing directly with the regulator, Holder approached Malami to help broker a settlement, according to the government sources and letters seen by Reuters.

LETTERS
In a letter dated the same day MTN announced it was dropping its court challenge – Feb. 24 – Holder wrote to Malami on behalf of the company offering to pay 300 billion naira and list MTN’s local unit on the Nigerian stock exchange to end the dispute.

Under the Nigerian constitution, the attorney general can mediate in a dispute involving a state body after the matter has been taken to court.

Malami asked NCC to review the MTN offer but the regulator was not impressed, according to another letter seen by Reuters.

“The proposal to pay the sum of 300 billion naira … is not supported by any verifiable justification,” NCC Chief Executive Umar Garba Danbatta said in a March 1 letter to Malami.

Nor was the NCC convinced by MTN’s sweetener of a local listing. “This is a business decision absolutely within MTN’s prerogative and primarily to its benefit. There is no justification for bringing this along in discussing the present issue,” Danbatta said.

But when MTN announced on June 10 that it reached a deal with the government to pay a fine of 330 billion naira – just 30 billion naira more – the NCC appeared to have altered its view, notifying parliament in a letter dated the same day of a “full and final” settlement.

“It was never about the money it was about making clear the rules are the rules,” NCC spokesman Tony Ojobo told Reuters on June 13. “The MTN listing is a big positive for Nigeria and will benefit the country.”

When asked about the March 1 letter and what had changed the NCC’s view, Ojobo said he would not discuss the negotiations.

A parliamentary committee on telecommunications is reviewing the deal and the negotiations that led to it. Such reviews by lawmakers are standard practice after big corporate settlements and are aimed at ensuring that there has been no wrongdoing by any party involved and that the public interest has been served.

“What concerns us most is what MTN proposes in February is so similar to what is agreed in June. It is clear MTN were dictating the pace,” committee chairman Saheed Akinade-Fijabi told Reuters.

“What does this say to other businesses? That to get the best deal you use unofficial back channels and keep the public in the dark?”
DIVISIONS

The deal has exposed divisions within the Nigerian government; officials within President Muhammadu Buhari’s team were also unhappy with Malami’s plans to strike a deal with MTN which they considered too generous, leading to heated discussions between the two camps, two government sources said.

There has been no official comment from Buhari on the settlement.

Holder was hired by MTN through his Washington-based law firm Covington and Burling which he joined last year after six years as U.S. attorney general.

Settlements he presided over in public office included the $13 billion JPMorgan Chase paid to settle charges of mis-selling mortgages in the run-up to the financial crisis and the BP Deepwater Horizon oil spill case, which has topped $20 billion.

It is unclear whether Holder has been based in Nigeria during his time working for MTN, which counts Nigeria as its biggest market. It also is unclear whether he still advises MTN. Covington and Burling declined to comment.

Following the settlement MTN’s share price, which had fallen around 30 percent between a fine being announced and Holder being hired, has risen by around 25 percent.


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Cyber Immunity Emerges as Shield for Nigerians Amid Rising Scams

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Cyber immunity is gaining traction as essential defence for everyday Nigerians facing surging online scams, phishing attacks, and SIM swap fraud that now target ordinary smartphone users.

Cyber Immunity Emerges as Shield for Nigerians Amid Rising Scams

Once limited to corporations, threats like fake bank alerts, WhatsApp investment links, and account takeovers have infiltrated daily digital life, outpacing basic antivirus and passwords.

Digital Immune System for Resilience

Cyber immunity integrates devices, apps, and user habits to prevent, detect, and recover from breaches, mimicking a body’s immune response rather than relying solely on firewalls.

Modern smartphones exemplify this with instant app restrictions, suspicious site warnings, and secure hardware for payments and biometrics, curbing damage from human errors like clicking bad links.

In Nigeria’s fintech-driven economy—banking, shopping, education online—individuals lag behind banks in security, making consistent vigilance critical.

Practical Steps Build Personal Defences

Key actions include password managers with 2FA and biometrics, automatic updates for vulnerability patches, cautious browsing (verify URLs, shun urgent requests), and routine data backups to cloud or external drives.

Ignoring updates to save data heightens risks on dominant Android devices, while messaging app scams demand wariness.

Technology aids via OS behaviour detection and isolation, reducing third-party app reliance for safer defaults.

As Nigeria’s digital expansion accelerates, cyber immunity shifts security from one-off setups to ongoing habits, averting minor scares from escalating to major losses.


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Uwaje Pays Tribute to Leo Stan Ekeh @70

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Renowned digital innovation expert, Prof. Chris Uwaje, has celebrated Leo Stan Ekeh as a visionary “digital anticipator” and pioneer on the occasion of his 70th birthday.

Uwaje Pays Tribute to Leo Stan Ekeh @70

Leo Stan Ekeh

In a heartfelt tribute, Uwaje hailed Ekeh as the “Saint Leo of all Stars from the Ekeh Universe,” saluting his masterclass contributions to human innovation, development, and global youth empowerment.

Visionary Impact on Africa, World

Uwaje praised Ekeh’s foresight, emotional intelligence, and resilience in transforming digital entrepreneurship, creating millions of jobs, billions in economic value, and expanded education access worldwide.

The encomium spotlighted Ekeh’s trailblazing solutions driving sustainable development, employment, and economic growth across Africa and beyond.

“Your legacy continues to shape a brighter future,” Uwaje noted, adding that Ekeh’s “extraordinary best is yet to come” as the “Field-Marshall of ANTICIPATORS.”

Cheers to More Foresighted Legacy

Uwaje declared: “From the gaze into the digital cloud: ‘the world ain’t seen nothing yet’!” while toasting Ekeh as the “true digital Conqueror of Africa and the world.”

The tribute underscores Ekeh’s enduring influence in digital disruption, innovation, and youth-focused initiatives that continue to inspire global progress.


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IXPN Positions as the Regional Internet Exchange Hub for West Africa

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L-r: Charles Nmeregini, Business Development Manager at Internet Exchange Point of Nigeria (IXPN); Chidi Ibisi, Executive Director at Broadband Network, Ikechukwu Nnamani, CEO of Digital Realty; Muhammed Rudman, CEO of Internet Exchange Point of Nigeria (IXPN; Yen Choi, Board Member of Internet Exchange Point of Nigeria (IXPN), Aminu Tijjani, Board Member of Internet Exchange Point of Nigeria (IXPN) and Krishnan Ranganath, Regional Executive – West Africa at Africa Data Centre during this year’s Internet Exchange Point of Nigeria (IXPN’s Members Engagement Forum in Lagos on Thursday.
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Internet Exchange Point of Nigeria is positioning as a regional Internet Exchange hub for West Africa in terms of infrastructure and traffic. Muhammed Rudman, chief executive officer, IXPN, stated this at its 2026 members engagement forum held in Lagos. He noted some of the major milestone IXPN achieved last year to include one terabit of traffic recorded in March 2025.

“At that time, we became the 63rd internet exchange point in the world. Among all the exchanges in Europe and America and in the entire world, we become the number 63 in the world. To achieve that one terabit of traffic. Again, we were able to achieve two terabits of traffic within seven, eight months of the year.

“We achieve this by ensuring that we push for members to upgrade, those that were on 1 Gig to 10 Gig, those on 10 Gig to 100 Gig. We had a strategic infrastructure upgrade across our networks, put 400 Gig enable switches, increase our fiber links to all the data centers and we onboarded 17 new members last year. All the trainings and the operational excellence ensured that our network is up and running 24/7,” he said.

Industry Impact

The impact of that one terabit traffic is data sovereignty. “We were able to domesticate. Based on the survey we conducted, 54% of our members said that they are exchanging 50% of their traffic and above locally, which is really, significant one.

“We are also setting up a benchmark for other African IXPs. I can assure you that in all the community driven internet exchange points in Africa, we are the number one. There’s a community driven internet exchange point in South Africa that was established 10 years before IXPN. There is one in Kenya that was established 6 years before IXPN, but we are way ahead of them when it comes to internet traffic.

“We are also promoting intra African connectivity. As at today, we have customers from Niger, from, Burkina Faso, trying to reach to Nigeria. Recently, we onboarded a very large company in Ivory Coast, to connect to Nigeria.

“Gradually, Nigeria is tilting towards becoming the regional hub for West Africa, where you see Internet Service Providers coming to achieve that. And in terms of the traffic, in 2015 we were at four Gigabits per second. It moves to 21 in 2017 and 52 gigabits per second.

“But by the year 2023 it has reached 540 gigabits. By 2024 we have reached 900 gigabits. But by the end of 2025 we have achieved the two terabits of traffic”.

Network Infrastructure Development

Some of the technical feet IXPN achieved includes, deployment of sFlow; which is a peer to peer traffic analysis. “We’re able to see what members are exchanging between themselves and between the data centers, not the actual content or information, but rather the volume of traffic, and also between our data centers. And based on this, we’re able to do the upgrades.

“We did a multiple link upgrades from 300 Gigabits last year from Digital Realty to Equinix. It was 300 Gig as at the end of 2024, and by 2025, we’ve increased that to 500 gigabits per second. Digital Realty to Rack Center, it was 200 Gigabits per second. We also upgraded that to 500 Gigabits per second.

Open Access Data Centre to Equinix. We’ve upgraded from 20 Gigabits per second to 200 Gigabits per second. We always monitor the ports, and based on that, we increase immediately we reach the threshold of 80%.

“We did an upgrade on the IXP manager. This allows each member to have a login portal to see the traffic they are exchanging and other details, the port as well as to do their own configuration,” he added.

Technical Project Milestones

Microsoft connected cache. “We deployed Microsoft content cache and that has been deployed in Lagos. It was 25 Gigabits per second as of 2024 by 2025 we had to upgrade the infrastructure to 75 Gigabits per second servers, that will be able to accommodate all the Microsoft updates they are doing, exports, download and among others.

“This is part of the content that Microsoft is not providing locally, but we got those servers deployed, and our intention is by next year to see how we can replicate this across the country. Last year, we also deployed the same server in Abuja so that the Abuja people and the Kano people can reach that content without coming back to Lagos.

The Google Global Cache (GGC); “We are hosting all these at IXPN. We also upgraded from 53 Gigabits per second servers in 2024 to 153 Gigabits per second. And this is a huge traffic of YouTube. And as we speak, we are also working towards upgrading those servers,” he explained.

Strategic Partnerships

“We signed an MoU last year between us and an IXP in Senegal, when we went for West African peering forum. A lot of African ISPs are looking to us to see how we can guide them and support them.

“For example, internet exchange point from Gabon, internet exchange point from Rwanda and ISPs in Africa are looking at us as a model to copy, and we tend to support them. We also had a strategic partnership with CIRA, the Canada Internet Registry Association, which is similar to Nira, the Nigerian Internet Registration Association, to have their secondary authoritative servers into Nigeria as an anycast instance. And when they are hosting that, they are hosting other top-level domains as well, like alibaba.info.org.ca, are also hosted with us.

“Since they launched last year, we have seen a traffic of over 1000 DNS responses per second. Presently, there are 13 global root servers in the world, and those 13 servers are the ones that translate your IP address into a domain name. Any website you browse, you put a domain name, it translates into an IP address and its chain of referrals, Nigeria has.ng as a country, called Top Level Domain”.

Earlier in his welcome address, Charles Nmeregini, Business Development Manager, IXPN, said that the members engagement forum is more than an annual country. “Today, we pause to celebrate the milestone, the milestone that we have reached together, the milestone that have bolstered our local traffic exchange, reduce latency and significantly lower the cost of Internet access across the nations and beyond.

“However, today is equally about the horizon. It is a strategic moment as we unveil our 2026 service road map, a forward-looking rubbing designed to deepen interconnection, enhance service delivery and unlock new value across the ecosystem. In an era defined by rapid technological shift, standing still is not an option.

“This forum will spotlight exclusive, strategic business opportunities, new avenues for growth, enhanced pairing capabilities and innovative service model tailored to give your organization a competitive edge. We are not just exchanging data, we are exchanging ideas that will drive the next wave of Nigeria digital economy,” he added.


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