MTN Asked South African Government To Help With R71 Billion Fine - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / MTN Asked South African Government To Help With R71 Billion Fine (2397 Views)
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| MTN Asked South African Government To Help With R71 Billion Fine by Nobody: 8:15am On Nov 01, 2015 |
The Sunday Times has reported that MTN is meeting with Nigerian officials at the highest level to fight the R71 billion fine, and that it enlisted the help of the South African government for the negotiations. This news follows a SENS announcement by MTN on 30 October that it was engaging with the Nigerian authorities regarding the fine from the Nigerian Communication Commission (NCC). The NCC imposed a fine of 1.04 trillion naira on MTN Nigeria for not disconnecting 5.1 million subscribers as required by the country’s SIM registration rules. MTN’s share price plummeted following the news, with ratings agency Standard & Poor’s downgrading MTN’s credit rating – putting the mobile network on a negative credit watch. MTN said its CEO, Sifiso Dabengwa, is engaging with the Nigerian authorities “on the regulatory aspects of this matter”. MyBroadband asked MTN for comment regarding the fine in Nigeria, but the company did not provide feedback. In related news, the City Press reported that the kidnapping of former Nigerian finance minister Olu Falae may have aggravated the fine. According to the report, MTN numbers were used by the kidnappers to negotiate a ransom for Falae. http://www.timeslive.co.za/sundaytimes/businesstimes/2015/11/01/MTN-calls-in-big-guns-to-fight-fine-in-Nigeria |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by ibkgab001: 8:20am On Nov 01, 2015 |
They should have traced the number used in ransome payment. Anyway they should pay half of the money and give me free visa for Xmas so I can negotiate with Sai Baba |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by shakur4luv(m): 8:20am On Nov 01, 2015 |
if dem like make dem steal from south Africa government make dem pay money be koko 2 Likes |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Contumely: 8:23am On Nov 01, 2015 |
The flouted the law but I think the fine is way incommensurate with the offence. |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Setaje(f): 8:23am On Nov 01, 2015 |
I don't no why I am happy about this news. I just think all foreign companies should be dealt wiv according to the law. Indians, lebanese, s.a and the rest. Maybe then they will stop taking Nigerians for granted. Next is for labour union to look into the injustice of the Nigerian workers under them. Why do I see Buharis body language in this  2 Likes |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by amiskurie(m): 8:25am On Nov 01, 2015 |
shakur4luv:Were south Africa wan see 5b to waste,u think say them get money like that? |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by SLIDEwaxie(m): 8:26am On Nov 01, 2015 |
so? just pay up jare |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by opyscol(m): 8:28am On Nov 01, 2015 |
I dey come |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by youngsky: 8:38am On Nov 01, 2015 |
follow www.twitter.com/iam_starcute to get followed
back |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by PRYCE(m): 8:38am On Nov 01, 2015 |
Lol! |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Leobrain(m): 8:39am On Nov 01, 2015 |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by yimikaa: 8:42am On Nov 01, 2015 |
Nov 16 is not far, make dem pay. Change is here. Meanwhile MTN subscribers have started paying the fine. |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Nobody: 8:43am On Nov 01, 2015 |
Setaje:why u just wicked like this? |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by shakur4luv(m): 8:45am On Nov 01, 2015 |
amiskurie:wetin happen to all our money since all dis years if dem no get make them go borrow from world bank or baba kafila alajor ni bariga I don't care |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Nobody: 8:47am On Nov 01, 2015 |
make we return those sim cards & collect 200k on each.... NCC is not fighting for us o! |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by BALLOSKI: 8:48am On Nov 01, 2015 |
They never chi shomtin. |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by temitemi1(m): 8:56am On Nov 01, 2015 |
DSTV next... |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by globalresource: 9:17am On Nov 01, 2015 |
himkers: See sharp naija boy  Naija people...u will surely know they by their extra smartness... Everywhere you go |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by shizzy7(f): 9:19am On Nov 01, 2015 |
yimikaa:If they deduct too much from the subscribers, they'll lose more customers. And the downfall continues... |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Akwasi(m): 9:21am On Nov 01, 2015 |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Pavore9: 9:37am On Nov 01, 2015 |
Things fall apart for MTN!  |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by Nobody: 11:00am On Nov 01, 2015 |
iterator24:If it's to zap person credit now, MTN no go pity u. Their fathers! Mek dem pay d fine jooor!! |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by StealthyMe(m): 11:20am On Nov 01, 2015 |
Their head no wan align  So all the money dem don dey zap, all the caller tunes sub wey dem be dey sub customers no fit pay for the fine ehn Abeg collect ya money from them zero chill!  |
| Re: MTN Asked South African Government To Help With R71 Billion Fine by nifton(m): 12:53pm On Nov 01, 2015 |
Dem neva see anything.DSTV is next to follow. |
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