By Emmanuel Elebeke
As the controversy over the N1.4 trillion fine on MTN lingers, the Nigerian Communications Commission (NCC) has given MTN Nigeria a deadline of 16 November to pay the fine imposed on it for failing to register the personal details of 5.1 million subscribers.
This deadline is coming after the  South Africa’s stock exchange, JSE Ltd, launched an investigation into the timing of the operator’s announcement of its penalty.
According to a report, the spokesman for the Nigerian Communications Commission, the country’s telecoms watchdog, was quoted as saying that the outcome of the discussion may affect the date.
A statement by MTN said its CEO is still in talks with the Nigerian authorities and its senior management and advisers also talking to JSE, after the announcement of the fine knocked around 20 percent off the company’s stock price.
‘‘That’s why they are having the discussion so that they can reach a solution,” the spokesperson said.
The report also said Nigeria’s presidency and internal security agency are involved in the talks.
As for the JSE probe, the head of the regulatory division, Andre Visser, said “the investigation will follow due process to establish whether there have been any breaches of the listings requirements and can be a lengthy process.”
Under South African capital markets rules, companies are required to immediately warn shareholders of price-sensitive information.
Meanwhile, Fitch Ratings has revised MTN Group’s outlook to negative, owing “to the risk of a significant cash outflow due to a substantial fine imposed on MTN’s Nigerian operations, which could increase leverage and pressure MTN’s credit metrics.”

http://www.vanguardngr.com/2015/10/mtn-gets-november-deadline-to-pay-n1-4trn-fine/

Thats kinda hurt
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As much as i am against extortion MTN should be made to realise that Nigeria as a sovereign country has its laws and cant be tampered with by anybody! Such sanctions should in future be people friendly .

They must pay, I have got no pity for them. They don't treat their costumers well.

Make them use all those money wey them thief from the Nigerian populace pay the fine....

MTN been running around acting like they are doing Nigerians a favor by offering their services, a fine which is not up to fraction of what they make yearly in Nigeria and the whole company is on the brick of losing it. They gon learn today. I just pity MTN users, u guys gon pay for the sins of NCC

MTN don jam!

We need the fine...

MTN should be used as a scape goat to warn other companies that intend to enter the Nigerian market that it is not business as usual.

DSTV should be on queue for disobeying a court order.

If the security effect of what MTN did is fully considered, no one will ever pity MTN. It is even enough for their license to be revoked.

Think about the unregistered sims Boko Haram members are using, the ones kidnappers are using and think of what they've cost this country.

The fine must be paid in full no reduction.

So good, nw they will have to pay for all the awof that they have carted a way from us.

Oh as I heard MTN was fined,I just respected my fine face,dropped the line and dusted my airtel line and inserted it back,nah from thier customers MTN go recover this money from,imagine you load #400 airtime to talk to your babe for the evening,after 60 secs you hear "Dear customer you have exhausted your airtime,please load a recharge card or you can dail *606# for extra airtime credit thank you"!,thier fathers