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MTN Fine May Be Reduced To N520million - Business - Nairaland

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Naira Will Not Be Devalued, Rates Would Be Reduced – CBN / Nigeria Does Not Want MTN “to Die” From $5.2bn Fine-Communications Minister / Mtn's Fine Threatens Ties With Nigeria, South African Law Makers. (2) (3) (4)

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MTN Fine May Be Reduced To N520million by funshybam(m): 8:56am On Jan 14, 2016
I write in reference to your recent editorial on the fine imposed on MTN. Beyond the issues so eloquently articulated in the piece, I believe that the fine in the sum of N1.04 trillion(Later reduced to N780Billion) is ultra vires for the simple reason that the commission lacked the legal power, under section 12(1)(c)(ii) of the interpretation act, to exceed the sum of N100 per contravention of the Nigerian Communication Commission(Registration of Phone Subscribers) regulation 2012. To the extent that the commission purported to empower itself, vide regulation 19, 20 & 21 of its said regulations, to impose fines on telecom service providers at the rate of N200,000 per contravention, the NCC simply exceeded its power under the provision of the interpretation act. Hence, my belief that the said fine is invalid, null and void. In my opinion, the size of the fine ought not to have exceeded the sum of N520Million based on the total number of allegedly unregistered subscribers(5.2Million) on MTN's network multiplied by the sum of N100 as stipulated under the said provision of the interpretation act.

Abubakar D. Sani, Abuja





http://www.pressreader.com/nigeria/thisday/20151216/281638189154547/TextView (readable with google chrome browser)

http://www.nigeria-law.org/Interpretation%20Act.htm (Nigerian Interpretation Act)

cc: seun
: lalasticlala

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Re: MTN Fine May Be Reduced To N520million by Obijulius: 8:58am On Jan 14, 2016
Buhari will not obey this one as usual.

The old goat will rather die than listen

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Re: MTN Fine May Be Reduced To N520million by chronos: 9:01am On Jan 14, 2016
A
Re: MTN Fine May Be Reduced To N520million by kidgod: 9:09am On Jan 14, 2016
This is getting more interesting [size=24pt]Kidgod [/size]
Re: MTN Fine May Be Reduced To N520million by Oyiboman69: 9:23am On Jan 14, 2016
anticipation is the greatest thing any Nigerian should enforce, cos it makes you to know where the pendulum is swinging to.mtcheew
Re: MTN Fine May Be Reduced To N520million by Pidggin(f): 9:50am On Jan 14, 2016
Hope MTN will not sue NCC for inflation of fine.

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Re: MTN Fine May Be Reduced To N520million by Mboi: 10:03am On Jan 14, 2016
No wonder MTN took them to court. They think nobody will know, after collecting N1.4tr, N520m will be paid into NCC's acct and the rest will be shared among themselves.
Re: MTN Fine May Be Reduced To N520million by ogadTop2: 10:40am On Jan 14, 2016
NCC had better beg for an out-of-court settlement of this issue to safe face for the government and the agency....bunch of illiterates! NCC just made these SouthAfricans to come teach us our laws and expose the cluelessness and recklessness of our agencies. Remember Nigerian Guiness has also sued NAFDAC for an outrageous N1Bn fine.

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Re: MTN Fine May Be Reduced To N520million by funshybam(m): 10:42am On Jan 14, 2016
ogadTop2:
NCC had better beg for an out-of-court settlement of this issue to safe face for the government and the agency....bunch of illiterates! NCC just made these SouthAfricans to come teach us our laws and expose the cluelessness and recklessness of our agencies. Remember Nigerian Guiness has also sued NAFDAC for an outrageous N1Bn fine.


[size=20pt]WORD!!!![/size]
Re: MTN Fine May Be Reduced To N520million by einsteine(m): 10:57am On Jan 14, 2016
Hahahaha. No wonder Mtn had the effrontery to go to court.

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