MTN has asked Nigeria for a plan to allow it to stagger the payment of a $5.2bn (N1.04tn) fine as the deadline for the payment expires today (Monday) , a source at the Nigerian Communications Commission said on Sunday.

The source added that the government was considering the request, made at a meeting on Friday between MTN and high-level government officials, and that the decision would be disclosed on Monday.

Authoritative sources told one of our correspondents on Sunday that the Federal Government at a meeting with MTN officials on Friday night rejected pleas by the mobile company to have the fine slashed. It was learnt that the Federal Government insisted that the rule should be followed since the rule that was contravened was clear.

Failing to obtain a reduction, MTN officials were said to have asked to have the payment staggered over a period of two years. By the end of the meeting on Friday, the proposal had not been accepted.

However, it was learnt that there were would be another round of meeting on Sunday night to resolve the knotty issue.

If the Sunday night meeting resolved the issues, the Federal Government may speak on the matter within two days, it was gathered. Since the imbroglio, neither NCC nor the Federal Government has officially spoken on the matter.

The NCC slapped the fine on MTN last month for its failure to cut off 5.2 million unregistered SIM cards.

MTN spokesman Chris Maroleng said, “We are waiting for authorities to come back to us”.

Nigeria has been pushing telecommunication operators to verify the identity of subscribers due to concerns that unregistered SIM cards are being used for criminal activity or even by Boko Haram militants waging an Islamist insurgency in the northeast.

“At the meeting, MTN pleaded passionately for staggered payment since the option of reduction of the fine had been ruled out,” the NCC source told Reuters.

However, a source familiar with the discussions said that an eleventh hour reduction of the fine could still be possible.

“Until the final announcement is made, there may be some room for manoeuvre,” the source familiar with the situation said.

Spokesmen for Presidency and communications ministry declined to comment.

The fine – if fully enforced – amounts to more than the past two years’ profit for the MTN in its biggest market. The new Minister of Cmmunications, Adebayo Shittu, told Reuters on Friday the government did not want the MTN “to die” or shut down operations as a result of the penalty.

The fine is based on $1,000 per outstanding unregistered SIM card, as stipulated by Nigerian telecommunications laws.

Nigeria accounts for 37 per cent of revenues for MTN, which operates in more than 20 countries in Africa and the Middle East. Since the announcement of the fine, its shares have lost nearly 25 per cent of their value.

http://punchng.com/n1-04tn-fine-mtn-pleads-for-staggered-payment/ lalasticlala

'Staggered payment'...... So that we Nigerians will help them with the payment through excess extortion?

Today? Oh wow!

Guys what's your preference, Lepa or Orobo?
http://gidilink..com.ng/2015/11/lepa-or-orobo.html

Wait! Wait!! Wait!!!
1.04trillion Naira! Thats 999million + 1.04million if am right 'cause my maths sucks.
MTN deserve it to some extent tho, but on anotherhand, its more like Nigeria vs S.A rivalry to me.
And if we're to think ahead, wheres all those money going to?
Who's pocket or account?
Cos after it has been paid now, it'd be silence everywhere.
I so dread that the rich would get richer with it and the poor MTN users would be used to generate that back.
Smh.
*oddthoughts

Mtn and high tarrif are like bread and butter

Check my signature to loose up to 10kg of fat in any area of your body

We'll think about it.

NO. We no gree. If the case is reversed, will SA agree?

PMB please tell MTN that you don't want to hear about this fine again (just the way Abacha told his then chief of staff he didn't want to hear about Bakassi again. Cameroon wan try?) They should go and pay asap.

When they seized our dollars, didn't they follow all laws?

Na the discribers go hear am. I now call with 28k/sec in the note


Manage your diabetes and hypertension using natural supplements. Check my signature below

Dstv!! you are next!

they deserve to pay more...for all the text messages they keep sending. .


https://www.nairaland.com/2620472/toks-2008-benz-gl450-sale


Buy that

This should be the best solution as long as they pay the complete fine

So this wicked ripper company hasn't paid this fine since

End time pleads in lasisi69 voice

"I will wage war against doz wu wage war against u" By God..(Its inside d bible)


Iffu see d way 'MTN' waged war against my credit..'. U go pity me' i call customer care reach level;dem dey avoid me..

Awon werey gbogbo !

ziqzaq:
Wait! Wait!! Wait!!!
1.04trillion Naira! Thats 999million + 1.04million if am right 'cause my maths sucks.
MTN deserve it to some extent tho, but on anotherhand, its more like Nigeria vs S.A rivalry to me.
And if we're to think ahead, wheres all those money going to?
Who's pocket or account?
Cos after it has been paid now, it'd be silence everywhere.
I so dread that the rich would get richer with it and the poor MTN users would be used to generate that back.
Smh.
*oddthoughts

Olodo..it's 999billion + 1.04 billion

Why waste ur time checking this shit, when u have some
Skills to acquire before youth service NYSC
Delay in our educational system is evident, this is why graduate have to wait for several month after graduation before going for the youth service cops. The term African time is not only evident in our social lives, even in our education system is evident, and this is why even our universities are not left behind. The fact the NYSC 2015 batch C is cancelled is not far fetch from the course of the 2015bv electioneering. But this is not the first time and I don’t think it is going to stop in next few years.
Most graduate are left stranded w


continue reading

Today interesting ncc should make sure they pay the money all at once.

I want at the end of the day will hear stuffs like the money is missing or miss management.

K

ziqzaq:
Wait! Wait!! Wait!!!
1.04trillion Naira! Thats 999million + 1.04million if am right 'cause my maths sucks.
MTN deserve it to some extent tho, but on anotherhand, its more like Nigeria vs S.A rivalry to me.
And if we're to think ahead, wheres all those money going to?
Who's pocket or account?
Cos after it has been paid now, it'd be silence everywhere.
I so dread that the rich would get richer with it and the poor MTN users would be used to generate that back.
Smh.
*oddthoughts

Your maths Is bad...


I think you wanted to say 999 BILLION PLUS A BILLION and then more millions In a whole junk

pay pls

This is day light robbery, the fine is ridiculous


The only reason such a fine will be required of MTN is to ruin the company.

If NCC should keep at this, it's a good move but MtN should be closely monitored with their staggered payment plea... The adverse effects might just be on their customers.

աaɨt օօ,ɨռ as ʍʊċɦ as I աaռt ʍtռ tօ քaʏ tɦat ʍօռɛʏ,tɦɛ զʊɛstɨօռ ɦɛʀɛ ɨs tօ աɦօsɛ քօċҡɛt ɨs DAT աօքɨռɢ aʍօʊt օʄ ʍօռɛʏ ɢօɨռɢ ɨռtօ aռɖ tօ աɦօsɛ ɖɛtʀɨʍɛռt...աɨʟʟ ɨt ɦɛʟք tɦɛ ċօʍʍօռ ʍaռ օʀ ʍaҡɛ tɦɛ ʀɨċɦ ʀɨċɦɛʀ...ɖʊռռօ sɦa...ʝst asҡɨռɢ...

God help mtn and Nigeria economy.

ziqzaq:
Wait! Wait!! Wait!!!
1.04trillion Naira! Thats 999million + 1.04million if am right 'cause my maths sucks.
MTN deserve it to some extent tho, but on anotherhand, its more like Nigeria vs S.A rivalry to me.
And if we're to think ahead, wheres all those money going to?
Who's pocket or account?
Cos after it has been paid now, it'd be silence everywhere.
I so dread that the rich would get richer with it and the poor MTN users would be used to generate that back.
Smh.
*oddthoughts

ur math really sucks. Its 999billion + 1.4billion not million

I'd rada dey use d fine to giv us(d customer) unlimited download for 3mnths

Make them pay

after all they want to milk the 5. million unregistered subscribers before blocking them

Okay o

ziqzaq:
Wait! Wait!! Wait!!!
1.04trillion Naira! Thats 999million + 1.04million if am right 'cause my maths sucks.
MTN deserve it to some extent tho, but on anotherhand, its more like Nigeria vs S.A rivalry to me.
And if we're to think ahead, wheres all those money going to?
Who's pocket or account?
Cos after it has been paid now, it'd be silence everywhere.
I so dread that the rich would get richer with it and the poor MTN users would be used to generate that back.
Smh.
*oddthoughts

Your maths really sucks. No be only your maths sef, your ....