Muhammadu Buhari, the President of the Federal Republic of Nigeria, and Jacob Zuma, his counterpart from South Africa, planned to discuss on the fate of the Nigerian telecoms subsidiary of South Africa's MTN Group on the 5^th of December 2015. The meeting will be about the 5.2 billion dollars fine issued to MTN Nigeria alongside the sixth Forum on China-Africa Cooperation (FOCAC) which will be held in South Africa 4-5 December 2015 under the theme “Africa and China progressing together: A win-win cooperation for common development”.

The meeting between Zuma and Muhammadu Buhari is the last resort and the culmination of negotiations initiated by many senior leaders of MTN with the Nigerian authorities, to protect the interests of the telecoms group.

It's Sifiso Dabengwa, the former CEO of the telecom company, who first appealed to Nigeria’s government on November 2, 2015 to obtain a reduction of the fine or at least a payment through installments. His resignation on November 9, 2015 was proof of his failure in his quest to solve the crisis.

Phutuma Nhleko, the new CEO, took over November 10, 2015, but no more successful than his predecessor. The Nigerian Communication Commission (NCC) definitely refused to scale down the sanction fixed against the Telecom Group subsidiary.

According to South African website techcentral.co.za, the value of the MTN group’s action, at the close of the Johannesburg Stock Exchange November 27, 2015, was R143.44 ($9.93). A loss of 22.9% in the last 30 days has been estimated.