fotune1894:


There is nothing wrong in transferring their profit but d problem was it was done illegally, d profit was made in Nigeria so it's paramount we deduct our tax b4 dey take d reminder anywhere dey want to, mtn laundered d money out of Nigeria to avoid paying tax

wristbangle:
If MTN chooses to leave Nigeria, they will be on the loosing side more. Imagine 35percent of their mainstream are in the most populous country in Africa.

Meanwhile these crooks are extremely corrupt due to the crusade of calibres at the helm of power hence giving them the opportunity to practice illegal acts.

Can a Nigerian company if they invest in SouthAfrica do this kind of act?

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

kaboninc:


If MTN decides to leave Nigeria, there would be two loosers - MTN and Nigeria but we'll be the greater loser.

YorubaStinks:
What type of Fuckery is this ??

They're not Nigerian company or affiliated with Nigerian government, Mtn is a south African company, they have the fucking right to transfer any amount of money they want to any country in the world


What do you want them to do ??


Run their business and then deposit all of their money into a Nigerian Bank account ??

Your government fined Mtn 40 billion naira and they paid up
Now, you are looking for another Fuckery to extort money from them

Mtn have done better than the Nigerian government in the history of Nigeria, do you know how many jobs they provide for Nigerians ?? Do you know how much revenue they bring to Nigeria ?? Do you know how much they pay in taxes to the Nigerian government ??

In one sentence, tell me what the Nigerian government have ever done for any Nigerian, dead or alive


Fuckery

Snapchat:



ok, u think mtn is Nigeria's source of income.

applaudise!!

nuti:


See what dis eediot flatiron is posting on nairaland? And he even has the effrontery to himself "yorubastinks" spewing all kinds of nonsense with grammatical errors. Supporting Why mtn should take money out from Nigeria. Well I don't blame you, I blame your forefathers pascal dozie who Helped them achieve such monumental frauds.

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

YorubaStinks:


What type of tax ??
The Nigerian government fined them 30 billion naira and they paid up
Now, you are finding another loophole

Mtn have done better than the Nigerian government in the history of Nigeria, do you know how many jobs they provide for Nigerians ?? Do you know how much revenue they bring to Nigeria ?? Do you know how much they pay in taxes to the Nigerian government ??

In one sentence, tell me what the Nigerian government have ever done for any Nigerian, dead or alive

I'm waiting

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

nuti:
See what a flatron is posting on nairaland? And he even has the effrontery to himself "yorubastinks" spewing all kinds of nonsense with grammatical errors. Supporting Why mtn should take money out from Nigeria. Well I don't blame you, I blame your forefathers pascal dozie who Helped them achieve such monumental frauds.

wasiudvd:
you read without understanding, or you didn't read at all.
the alleged transfer is between 2006 - 2016. how come its a sign of no confidence with administration?
Investor or not, they should transact according to the rules.

AreaFada2:


I do not trust the way Buhari is managing the economy with is flip-flop policies BUT they are talking about illegal transfer of funds here. Therefore, it is conceivable that adequate taxes may not have been paid in those funds.

Even if the policies are rather moronic in many cases, you still should not defy the rules a host country said you should follow. Instead negotiate with the authorities.

mukhcech:


How old are you? Tell me you did not see the word ILLEGALLY

plaetton:
Is MTN not entitled to transfer THEIR profits, their OWN money, to their home country ?

If we don't allow foreign companies to transfer their profits to their home countries, then why exactly would any foreign company be foolish enough to come and invest in our economy ?

MTN electing to transfer their huge accumulated profits over the years is simply a vote of no confidence in the present managers of the Nigerian economy.

I have always said it that this clueless government has been waging a moronic war against CAPITAL, a war that it is surely guaranteed to loose, .. unfortunately, to the detriment of 180m Nigerians.

007Gbenga:


It seems they were trying to evade tax by declaring lower profits...that's a financial crime.

kaboninc:


We are yet to know if they contravened any rule!

kilokeys:


if the govt feels their profit margins are outrageously high , the best they could do for us as citizens is to enforce reduction of tariff, selling a percentage of shares to the public, but not restricting them frm moving their cash... bad belle pple

soletar:





Very unintelligent comment

South African companies e. g MTN , DSTV rob Nigerians blind with their unfair practices. Our past government have colluded with them. Thank God this government is even making an attempt to curtail them. if push comes to shove... MTN would lose more if they have to leave Nigeria

You must be a South African if not be ashamed to call yourself a Nigerian.

imagine defending the exploitation of your country

fotune1894:


There is nothing wrong in transferring their profit but d problem was it was done illegally, d profit was made in Nigeria so it's paramount we deduct our tax b4 dey take d reminder anywhere dey want to, mtn laundered d money out of Nigeria to avoid paying tax

Enuguboy4nsk:

I guess u don't know that they're laws guiding fund transfer from the country u make your profit...read up the international money transfer laws are cure yourself of this ignorance.... intelligently typing trash

martineinstein:
u appeared to be smart in thinking....but u are a typical example of an educated illiterate

awakeuche:
i may not exactly be Nigeria's strongest advocate, but do you realize how damaging it will be for our economy if investors keep transferring huge profits out of the country without paying tax to government? It simply means the company is robbing Nigerians without giving anything back in return, in lay terms its like an igboman who rents your land for a pittance, makes billions from his business and complains to you of bad economy to avoid rent increase while transferring his billions to develop his own community without impacting in yours first where he makes his billions... This should clearify two points

Ahmeduana:

IS NOT THE TRANSFER OF THE MONEY THAT IS THE PROBLEM, BUT THE TAX THAT WAS SUPPOSE TO BE PAID ON IT.

seunmsg:



Going forward, MTN should be forced to enlist on the Nigerian stock exchange. By so doing, management will be more diffuse and they will have to make more public disclosure of their financial statements. Regulators and interested members of the public will also be able to monitor them more effectively on issues like capital flight.

kaboninc:


So how does that money relates to MTN