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Nairaland Forum / Nairaland / General / Politics / PMB, Zuma To Meet Over Mtn’s N1.04trn Fine (634 Views)
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PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by Engineer123(m): 10:43am On Nov 30, 2015 |
President Muhammadu Buhari and his South African counterpart, President Jacob Zuma, are to meet in Johannesburg this week to discuss MTN’s $5.2billion fine, South Africa-based Sunday Times has reported. Both leaders are expected to meet and discuss the fine along the sidelines of the Forum of China-Africa Co-operation, the newspaper reported yesterday. The event takes place on December 4-5 at the Sandton Convention Centre. The newspaper, however, reports that the South African government has been unwilling to confirm or deny its involvement in the MTN matter. Clayson Monyela, spokesman for the Department of International Relations, told the Sunday Times that government was monitoring the development with keen interest. “The matter between MTN and Nigeria is between a private company and issues of compliance in a market they do business in,” Monyela told the newspaper. Meanwhile, the expected meeting between the two heads of state comes after the minister of communications, Adebayo Shittu, said last Wednesday that Buhari will decide MTN’s fate regarding the fine. The Nigerian Communications Commission (NCC) fined MTN $5.2billion for failing to disconnect five million unregistered SIM cards in a timely manner. Nigeria’s SIM card registration process is designed to curb terror and criminal threats in the country. The fine, which Denmark-based Strand Consult said is the biggest of its kind in history, has rattled the South African headquartered MTN whose share price shed about fifth of its value amid the penalty. MTN’s group chief executive officer, Sifiso Dabengwa, subsequently quit while the company’s former CEO, Phuthuma Nhleko, was then appointed as executive chairperson and charged with the responsibility of tackling the fine. Talks between MTN and the NCC regarding the fine are said to be ongoing with Nhleko having visited Nigeria. The Johannesburg Stock Exchange (JSE) is also investigating MTN for how it announced its fine to shareholders. |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by NextGovernor(m): 11:06am On Nov 30, 2015 |
Malta - France - Mexico and now to "South Africa". This is really getting out of hand. Buhari is a terrestrial and aerial being (creature that lives both on land and air) |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by Controlled(f): 11:07am On Nov 30, 2015 |
End time traveller.. |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by millhouse: 11:08am On Nov 30, 2015 |
Is PMB the one meant to go there or Zuma is meant to come and meet him regards this. |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by obinnashady(m): 11:14am On Nov 30, 2015 |
After fining somebody,u are going to meet same person 4 talks,instead of the person coming to u,na money we dey beg MTN and south Africa ni? |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by trapQ: 11:18am On Nov 30, 2015 |
mtn should pay the damn fine already. No need for meet ups.
Did Zuma meet buhari when Mtn has been scamming Nigerians all these years? |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by trapQ: 11:21am On Nov 30, 2015 |
Buhari should give himself class and dignity. As a President, you shouldn't honour every invitation. Send your Vice or Perm. Sec. Most times Obama sends John Kerry. Buhari should learn. |
Re: PMB, Zuma To Meet Over Mtn’s N1.04trn Fine by Scholes007(m): 11:27am On Nov 30, 2015 |
trapQ:citizens now teaching mr president basic principles of leadership. |
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