LAGOS, Nigeria (AP) -- Nigeria's fine of $5.2 billion against MTN, Africa's largest telecommunications company, is billions more than any company has been hit with anywhere in the world and may scare off investors, analysts say.
MTN was fined for having 5.2 million active but unregistered SIM cards. The cards are a matter of national security as they can be used by extremists.
Still, the sheer size of the penalty shocked the telecoms industry.

The fine equals nearly a quarter of the 2014 national budget of Nigeria, Africa's biggest oil producer which has been hammered by the global plunge in petroleum prices and depreciated naira currency.
A review of Nigeria's penalties for tax avoidance and cybercrime, and global precedent, led Strand to suggest a fine of $500 million is more fitting.
Strand warned the fine could hurt foreign investment: "The question is: What is the purpose in giving a company a fine of this amount? Is it just a revenue generator for the government? I think it's a big message to send to other investors in Nigeria: Stay out of this country."

What's your source?

Who cares.... No be the same company dem hammer them for Uganda..

Why can't they just obey the rules and ethics of business environment they are operating in..

Na only dem Waka come

buckeye:
What's your source?

my source ran away

South sudan will be better governed than nigeria in the next four yrs. When u have desperadoos as leaders, they will make a lot of mistakes. Useless govt.

Warlord3000:
Who cares.... No be the same $500m dem hammer them for Uganda..

Why can't they just obey the rules and ethics of business environment they are operating in..

Na only dem Waka come

They were fined just over 600 thousand dollars in Uganda

MTN will never pay that Bogus fine . No Company ha ever been fined that high before .. The Nigerian govt is set to make itself a laughing stork

British petroleum was fined 18billion dollars in Japan

overhypedsteve:
British petroleum was fined 18billion dollars in Japan

lie

overhypedsteve:
British petroleum was fined 18billion dollars in Japan

Why you are lying this early in the morning?


https://www.youtube.com/watch?v=seVdI6FGjk0

vanunu:
South sudan will be better governed than nigeria in the next four yrs. When u have desperadoos as leaders, they will make a lot of mistakes. Useless govt.

They have no choice,you can't imagine how much profit they are making in NIGERIA

Franzeez:



lie

actually more than that.

[size=16pt]
British Petroleum fined a record $20.8 billion for oil spill [/size]

by MIHAI ANDREI
OCTOBER 6, 2015 http://www.zmescience.com/ecology/environmental-issues/bp-oil-spill-fine-06102015/
21
In a monumental decision, British Petroleum (BP) was fined $20.8 billion for the 2010 oil spill in the Gulf of Mexico; this upgrades the initial deal from the $18.7 that were previously discussed and represents the largest corporate settlement in US history. This money is additional to the reported $28 billion spent on cleanup and compensation.

no source no comments

Franzeez:



lie

ok Na. Siddon there. You think I will give you source. Mtchwww

chinchum:
actually more than that.

another lie

moderation2020:
LAGOS, Nigeria (AP) -- Nigeria's fine of $5.2 billion against MTN, Africa's largest telecommunications company, is billions more than any company has been hit with anywhere in the world and may scare off investors, analysts say.
MTN was fined for having 5.2 million active but unregistered SIM cards. The cards are a matter of national security as they can be used by extremists.
Still, the sheer size of the penalty shocked the telecoms industry.

The fine equals nearly a quarter of the 2014 national budget of Nigeria, Africa's biggest oil producer which has been hammered by the global plunge in petroleum prices and depreciated naira currency.
A review of Nigeria's penalties for tax avoidance and cybercrime, and global precedent, led Strand to suggest a fine of $500 million is more fitting.
Strand warned the fine could hurt foreign investment: "The question is: What is the purpose in giving a company a fine of this amount? Is it just a revenue generator for the government? I think it's a big message to send to other investors in Nigeria: Stay out of this country."

You guys just wake up every single day and have this irresistible urge to lie. US fined Shell BP over $18billion over the oil spill in the Gulf of Mexico, but I don't expects ignoramuses whose utterances are inspired by nothing but misplaced hatred for the president.

Do yourself a favour mr man: mobile.reuters.com/article/idUSKCN0RZ14A20151005

Its simple, all you need to do is google "The biggest/Largest fine" and see what comes up.

^^Oh and while you're at it "Nigeria scares off investors" Google___________Search.^^

vanunu:
South sudan will be better governed than nigeria in the next four yrs. When u have desperadoos as leaders, they will make a lot of mistakes. Useless govt.

UNGUIDED STATEMENT LACK OF HOME TRAINING NO WONDER MOST OF THEM LIVING IN A MISERABLE LIFE