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MTN Fine To Finance 80% Of 2016 Budget - Politics - Nairaland

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MTN Fine To Finance 80% Of 2016 Budget by OAM(m): 10:32am On Oct 31, 2015
The end game for MTN's business operations in Nigeria is not anywhere near. MTN is going to pay the fine and move on with her business operations in Nigeria. The real lesson here is not just the fine but, the reality that our regulators has woken up to her responsibilities of protecting us the customers.

Prior to now, MTN was the untouchable, the king in the Telecom sector. They pride themselves as the cheese on the ice. No fine moves them, I mean they can pay any fine. They had NCC on their palm but, they forgot to acknowledge the new government. A government that is bent on bringing discipline to both the public and the corporate sector.

MTN wasn't fined by NCC, they were fined by a disciplined Government. A government that adheres strictly to law and orders. We are the direct beneficiaries of the MTN fine, and this Government will use it to finance part of our 2016 budget.

Today, the fine has positioned us as a serious nation, one that needs to be feared, no longer will dubious foreign firms shortchange you and I. Please do not listen to the silly argument that investors are likely to relocate due to the fine, its a baseless assertion by little minds. Nigeria is so ready and willing to do business with clean investors. And not professional criminals with legal business entities.

Its no longer business as usual.................

God bless Nigeria and NCC.

O.A.M

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Re: MTN Fine To Finance 80% Of 2016 Budget by Unseen(m): 10:57am On Oct 31, 2015
How are you certain the money won't end up in some persons pocket?

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Re: MTN Fine To Finance 80% Of 2016 Budget by Sweetguy25: 11:11am On Oct 31, 2015
No company in Africa has paid even up to a billion dollars in corporate fines. It won't start with MTN. At the end of the day, they won't even pay up to a quarter of that amount. Na naija we dey.

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Re: MTN Fine To Finance 80% Of 2016 Budget by Babalegba(m): 11:19am On Oct 31, 2015
The Ncc only made Nigeria the laughing stock of the corporate world. There should be a ceiling on fines.They made it look like Nigeria is scamming mtn. Morons

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Re: MTN Fine To Finance 80% Of 2016 Budget by Frankiss44(m): 11:51am On Oct 31, 2015
Lol.. I pray
Re: MTN Fine To Finance 80% Of 2016 Budget by BALLOSKI: 5:05pm On Oct 31, 2015
I can't wait to have them doing debt servicing for us.

Afterall, oyel price has fallen. So it's time to milk those multinationals that have milked us in the past.
Re: MTN Fine To Finance 80% Of 2016 Budget by lacasera14(m): 6:01pm On Oct 31, 2015
Why am I feeling so Sorry for MTN? undecided
Re: MTN Fine To Finance 80% Of 2016 Budget by Kestolovee95(f): 6:03pm On Oct 31, 2015
Thieving empty hen. Dem wan kill person with sms and hidden charges.
Next searchlight should be on airtel. If you load N2000 to browse, dem go commot N10. Call their customer care, na fulenty tureci dem go give you. Kirimina fiful.
Re: MTN Fine To Finance 80% Of 2016 Budget by TonyeBarcanista(m): 6:08pm On Oct 31, 2015
The fine need to be suspended or reduced to reflect reality. MTN can't afford such incredible amount as "fine". The government can't afford to close down MTN's operation because that will spell disaster for our economy. We have to face reality that Nigerian market is not filled with "competitotors". Even the existing operators are struggling to survive. We can't afford to lose any at this time.

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Re: MTN Fine To Finance 80% Of 2016 Budget by Genius100: 6:18pm On Oct 31, 2015
I'm pretty certain MTN won't pay the entire fine...

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Re: MTN Fine To Finance 80% Of 2016 Budget by seunmsg(m): 6:22pm On Oct 31, 2015
It's good that MTN has been fined for breaching the regulators directive but it is outrageous to say that the fine will finance 80% of Nigeria's budget for 2016. Nigeria's annual budget for the past 4 years is averagelly over N4trillion. How can N1trillion finance 80% of over N4trillion?

Beside, it is still very possible that the fine will be reduced. It will be very unfair if the over N1trillion fine is enforced without reduction as MTN may go bankrupt after payment.

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Re: MTN Fine To Finance 80% Of 2016 Budget by Nobody: 6:38pm On Oct 31, 2015
The so called federal govt shouldn't take food tables of nigerians working in that organisation, not that am against the fine but mehn its too much. I could see people rejoicing about the fine but they forgot that should mtn close shop for a week,the economy will be terribly affected. A whole lot of unemployment will set in, the osun salary saga will be a childs play cos there are over 500k nigerians directly\indirectly engaged by mtn
Re: MTN Fine To Finance 80% Of 2016 Budget by datola: 7:32pm On Oct 31, 2015
But that fine amount is too outrageous na.

It's good they are disciplined though. Let them pay 20% and go sin no more.
Re: MTN Fine To Finance 80% Of 2016 Budget by Nobody: 8:13pm On Oct 31, 2015
BUBU will use the money to buy Aisha more watches and he will use the remaining change to fvck oloshos in western Germany

Confused Government of the few undecided
Re: MTN Fine To Finance 80% Of 2016 Budget by thundafire: 8:31pm On Oct 31, 2015
dy will use dy mny 2 finance their scam promises 2 dy e-rats,am waiting 2 c dy allocation 2 aso rock cs dy castigated PDP so lets c hw much dy will allocate reformed thieves

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