Buy Blackberry Q10 for 38,000 naira on www.konga / solo-communication.com

ANBAKO:
Just as 25000Naira for sim cards was too much burden for me to bear back then ....But I paid.
Now it is your time to pay.

Dotng:



Meanwhile, Financial analysts have pointedly said that Nigeria government is at risk of scaring off investors it can’t afford to lose if the N1.4 trillion fine slammed on MTN holds through.

With an economy struggling to cope with sliding oil prices, the experts said currency restrictions and no finance minister, authorities are doing themselves no favors by penalizing one of their biggest foreign investors.

According to fund managers including David McIlroy of Alquity Investment Management Limited, the fine equates to more than 20 percent of Johannesburg-based MTN’s market value.

“It’s the last thing Nigeria needs, given the economic and political struggles it’s contending with at the moment,” McIlroy, chief investment officer at Alquity, which oversees $100 million of frontier market stocks, including MTN shares, said by phone from London.



http://www.vanguardngr.com/2015/10/n1-4trn-penalty-too-heavy-to-bear-mtn/

While I consider the fine heavy, I believe MTN were aware of the consequences before the deadline. As the saying goes: "if you can't do the time, don't commit the crime".
I disagree that it will scare investors but rather that organisations will think before taking us for granted. What is the essence of have laws and rules when you don't intend to enforce them? It is sentiments like the one above that encourage corporate organisations in Nigeria to behave as they wish.

JUST SHUT THE F*UCK UP AND PAY THE MONEY

It's not o...after all their rip off, u must pay


https://www.nairaland.com/2694521/get-affordable-customised-jersey-here

now is the time to port, and you must glo with pride.... Download glo unlimited... Still trending ,
download and enjoy ,artist contact
paulheromusic@gmail.com http://
www.datafilehost.com/d/036a40b1

Chiaka:
Yes must be a ploy to ground MTN. If the head was one aboki would Pres. Buhari have made that move. Pres. Buhari is too much of an ethnic bigot to head Nigeria..

why you dey disgrace your female race

What has buhari and the northerner got to do with this?

Truly speaking! You have a fish brain

Peanut head!

sonofananimal:
why you dey disgrace your female race

What has buhari and the northerner got to do with this?

Truly speaking! You have a fish brain

The story would be different if the head of MTN in Nigeria were a northerner.........They are not the only country ripping Nigeria

TS2:


All these Igbo never see issues beyond ethnic lines. Even in your land u ppl always demarcate everything causing division everytime.

MTN a South African company has been ripping all Nigerians off and NCC after repeated warning has sanctioned them. What have President Buhari and the North got to do with anything now?

What they should learn is that even if it would cause the country to fall to it's knees, obey before complaint. They should have disconnected the 5.1m and then let the country deal with the fallout instead of them dealing with the fallout.

You can imagine that kidnappers and such like were using these sim numbers to beat police surveillance. Evidence in point is the kidnap of Olu Falae.

okay... mtn might just sell their nigerian assets.

Yes I know has to be with a sectional president.............would be a different story altogether if the head of MTN Nigeria where to be a northerner

cosby02:

What i tell you your thinking is also sectional.

MTN Nigeria is not headed by a northerner otherwise we wont be hearing this. President is sectional

OlujobaSamuel:

What's this one saying? is it an indigenous company? MTN must pay.

Reptyle:
How did the NCC expect 5 million lines to be disconnected at once? That would have created a crisis of national proportions.

Where was the NCC when the 5 million lines were been registered?

Do you want to defend a blatant disregard to the rules and regulations laid down by the regulatory agency, NCC?. Nigerians sha...
Do you know that the kidnapping guys and Boko Haram criminals use lines that the security agencies find difficult to trace because they are unregistered?
Now compare the lives that have been lost wuth the amount MTN is been fined, can you match them?.... God dey sha!

Reptyle:
How did the NCC expect 5 million lines to be disconnected at once? That would have created a crisis of national proportions.

Where was the NCC when the 5 million lines were been registered?

Do you want to defend a blatant disregard to the rules and regulations laid down by the regulatory agency, NCC?. Nigerians sha...
Do you know that the kidnapping guys and Boko Haram criminals use lines that the security agencies find difficult to trace because they are unregistered?
Now compare the lives that have been lost with the amount MTN is been fined, can you match them?.... God dey sha!

Lol... Me no dey recharge MTN again o. Thank God

Ridiculous fine.

Dotng:
N1.4trn penalty too heavy to bear – MTN

Three days after Nigerian Communications Commission, NCC slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to resolve the issue.

MTN Group noted with dismay that Nigerian Communications Commission refused to listen to its plea to reconsider its stand on the penalty slammed on its Nigerian arm last week.

According to a report, MTN Nigeria spokeswoman, Chineze Gbenga-Oluwatoye, had said in an e-mailed response, that “recommendations were put forward with respect to the non-commensurable nature of the fine but the Nigerian Communications Commission did not accept recommendations that the fine of 200,000 Naira ($1,005) per SIM was too heavy.”

‘‘MTN Nigeria contacted the regulator with concerns that a demand to disconnect SIM cards by a certain deadline would cause “severe disruption” for customers and recommended a staggered process to limit the possible impact,’’ said Oluwatoye.

As a result of the fine, MTN shares plummeted about 20 percent this week in Johannesburg. The biggest four-day drop since 2008, valuing the company at about 284 billion rand ($21 billion).

A MTN service provider tries to register a client's SIM card in Lagos, on October 27, 2015. Nigeria's telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa's largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

Nigeria’s telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa’s largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

The phone operator had said on Monday that the Nigerian Communications Commission is seeking the penalties because it missed a deadline to disconnect 5.1 million subscribers and is reviewing its management in the country.

Moody’s Investors Service had on Thursday lowered it’s rating for MTN to negative from stable following the fine.

“Key concerns raised to the NCC highlighted the difficulty of carefully reviewing the data on 18.6 million records within the one week deadline to ensure identification and disconnection of only affected subscribers,” Oluwatoye added.

Meanwhile, Financial analysts have pointedly said that Nigeria government is at risk of scaring off investors it can’t afford to lose if the N1.4 trillion fine slammed on MTN holds through.

With an economy struggling to cope with sliding oil prices, the experts said currency restrictions and no finance minister, authorities are doing themselves no favors by penalizing one of their biggest foreign investors.

According to fund managers including David McIlroy of Alquity Investment Management Limited, the fine equates to more than 20 percent of Johannesburg-based MTN’s market value.

“It’s the last thing Nigeria needs, given the economic and political struggles it’s contending with at the moment,” McIlroy, chief investment officer at Alquity, which oversees $100 million of frontier market stocks, including MTN shares, said by phone from London.



http://www.vanguardngr.com/2015/10/n1-4trn-penalty-too-heavy-to-bear-mtn/

MTN you don't need to cry. This is exactly how we feel when you bombard us with those useless promo messages and those stupid midnight calls. You will endure as we also are enduring your wickedness.

MTN disconnected my line without notice because I wasnt loading credit but they left 5 million unregistered subscribers online.

Karma is bae!!

Abeg mtn cool down bear ooo am still browsing with my simple server I would miss it if you guys should lock up shop jor.

He who laughs last indeed laughs best, all those morning I wake u with yeye yeye message courtesy empty hen. Shey now he don red for them? All those wasted messages that does not add value to life, with the sole aim of adding frustration to one's condition, now who is frustrated?Pay or una pack comot. anywhere u go ko, anywhere you come ni

Maximus85:


MTN you don't need to cry. This is exactly how we feel when you bombard us with those useless promo messages and those stupid midnight calls. You will endure as we also are enduring your wickedness.

If 50m Nigerians are to sue you guys for N1000 each. U will pack your masts and run. So you better pay the cheap N1.4trn asap.

Chiaka:
Yes must be a ploy to ground MTN. If the head was one aboki would Pres. Buhari have made that move. Pres. Buhari is too much of an ethnic bigot to head Nigeria..

This your foolishness can kill you if not properly managed.
Hain!!!

The laws of the must be respected. No one is above the law, neither should the law be bent for any form of soft landing. They broke the rules of engagement and they know there are consequences/penalties, so let them face the dance.

I don't even want dem to pay, make dem carry der load commot, many Nigerians hustling in South Africa,they're here dominating the Nigeria companies with der multi choice & mtn, I think they're even the owner of Diamond bank, dominating Nigeria indigenous companies, Their charges is too much for crying out loud! They should go, they're the only telecom industry that could sponsor world cup for der country... the money they make in Nigeria is more than 50% of der total gain in other countries!

Chiaka:
MTN Nigeria is not headed by a northerner otherwise we wont be hearing this. President is sectional

pls skip that tribal bigotry. who told you they will send the heads to prison if the company fails, the company can only be dissolved and liquidated, if mtn parent company decides to sack the mgmt for failing to comply to regulatory provisions, who told you they won't employ the new directors from Nigeria, who told you northerners are not among the directors, who told you the current directors if dismissed will not get a job the next day?

The fact that the people that kidnapped chief Olu Falae uses an unregistered MTN line to communicate in which they (MTN) were unable to produce their informations fuel the issue. This was after the high level meeting with the presidency and repeated warnings.

The annoying part of this is that MTN Nigeria is listed on Johanessburg Stock Exchange, and not on Nigeria Stock Exchange.

The N100 you stolen from my account was too heavy to bear.

its your turn to feel the same

I wish NCC would multiply the amount

asha01:


MTN has to obey our laws, otherwise we would be setting wrong precedence.
if it is to generate fund MTN would not hesitate to disconnect those lines.
they should obey our laws.

seconded !!!! People will just come an do as they like over here.
How much were they expecting to pay before? #50 per minute ?

Chiaka:
Yes I know has to be with a sectional president.............would be a different story altogether if the head of MTN Nigeria where to be a northerner

You are more sectional than the president.

egift:
MTN pay up and stop the noise. Left for me it will be tripled.

#One-third of 2016 budget done set be that

It is a silly decision that will scare away FDIs. As we speak, Buhari is going round the world begging FDIs to bring in their hardly needed dollars into the country in the form of investments, while the novices at NCC are trying to rubbish these efforts through this very stupid fine. Nobody will want to put his money in a country where after 15-20 years, if you are so succesful, some frog-eyed politicians will conspire to take over the company. I hope that Nigeria is not about to make the same mistakes that Mugabe did in Zimbabwe which has totally destroyed the Zimbabwean dollar. Buhari should quickly reverse this silly NCC decision before it becomes the final nail in Nigeria's economic coffin. Enough said.