Hmmmmm

This foreign investors, is either maltreat their Nigerian worker or flaunt our laws as the like. I really want MTN to be dealt with.

their lawyers have studied this case very well and realized it'd likely not end in their favour. if the govt., is to settle out of court then empty hen should be ready to cover any expenses incurred by ncc on the case so far.

Let them pay or flush out of the system.

MTN trying hard to dodge this fine. If it were to be in the past administration, they would have bribed their way out.

rubish network.....

It is funny

MTN took the case to court but now they applied to settle out of court. They are like a bunch of clowns.

Anyway, I wish NCC and the minister can refuse to settle out of court. They asked for it and so shall it be.

I think NCC has a good case in court. Bottom line - MTN must pay the fine!

The government has no sense. You are scaring off much needed foriegn investment with this obscene fine. And yet they keep crying no dollars

na the mtn fine money dey delay our naija budget to be released.
Mtn pls pay on time , make pmb share budget money biko

grandstar:
The government has no sense. You are scaring off much needed foriegn investment with this obscene fine. And yet they keep crying no dollars

Smh! You need to stop been sentimental... According to the gist, MTN signed an agreement with NCC where things were stated clearly and they violated the said agreement. The sanest thing they should have done is to lobby and negotiate the fine rather than dragging the NCC to court.

Lets bring it to a personal level: if you go into a business agreement with someone and they go back on such agreement despite clearly stating all the penalties and all parties signed, would you just sit and look or would you take actions?

Personally, i would have preferred MTN negotiated the penalties from the onset before they signed such agreement rather than doing a round-about face when they were called out on breaking the agreement.

grandstar:
The government has no sense. You are scaring off much needed foriegn investment with this obscene fine. And yet they keep crying no dollars

You need reorientation, so you think this foreign companies have the right to disobey laws which they signed when coming into the country. No wonder why you all would be slaves to anything foreign. Moreover do you know this foreign companies convert all ur Nairas to dollars and send back to their country, so how is that helping the exchange rate

grandstar:
The government has no sense. You are scaring off much needed foriegn investment with this obscene fine. And yet they keep crying no dollars

is it the government that is begging to settle out of court now? Foreign Investment that disobeys existing local laws? That disregards national security? Common you're better than this.

idnole4:
their lawyers have studied this case very well and realized it'd likely not end in their favour. if the govt., is to settle out of court then empty hen should be ready to cover any expenses incurred by ncc on the case so far.

They were misadvised by the greedy lawyers who wanted a piece of the action, this issue was not meant for the courts in the first place as the Nigerian govt did not break any law at all. Mtn is the lawless party here. It ought to be the govt taking MTN to court instead

goodlifehyd:
You need reorientation, so you think this foreign companies have the right to disobey laws which they signed when coming into the country. No wonder why you all would be slaves to anything foreign. Moreover do you know this foreign companies convert all ur Nairas to dollars and send back to their country, so how is that helping the exchange rate

For MTN to make $1, it has to produce $4 worth of revenue. So $3 stays in Nigeria.

No one is saying they should not be punished. You must punish them to the appropriate degree. The amount is too excessive.

Already South Africa says they will stop buying nigeria's crude that they will buy from Iran. This is weird because Nigerian crude is light but Iran is heavy.

The fine should be reduced to N50billion

I THOUGHT THEY WILL NOT SEE THE HAND WRITTEN ON THE WALL.ANYWAY FOR THE SAKE OF SEVERAL FAMILIES THAT ARE DIRECTLY OR INDIRECTLY DEPENDENT ON THEM,NCC SHOULD ONLY ALLOW THEM AN INSTALLMENTAL PAYMENT BUT NOT A KOBO REDUCTION.

I hear their NCC license is up for renewal, this puts them (Mtn) in a very unfavourable position.

grandstar:


For MTN to make $1, it has to produce $4 worth of revenue. So $3 stays in Nigeria.

No one is saying they should not be punished. You must punish them to the appropriate degree. The amount is too excessive.

Already South Africa says they will stop buying nigeria's crude that they will buy from Iran. This is weird because Nigerian crude is light but Iran is heavy.

The fine should be reduced to N50billion

i could remember vividly when the new minister tried reducing the fine was when MTN took the matter to court now they pleading for an out of court settlement Ko joor mehn

yomalex:
is it the government that is begging to settle out of court now? Foreign Investment that disobeys existing local laws? That disregards national security? Common you're better than this.

Thid is one of the largest fines on a non oil or financial body ever. It is disporpionate.

It should be reduced. 50bn or at most 100bn is enough to send a strong message

grandstar:
Thid is one of the largest fines on a non oil or financial body ever. It is disporpionate.

It should be reduced. 50bn or at most 100bn is enough to send a strong message

No body forced them to sign the agreement All Telcos signed too( $1000/Unregistered SIM on the network, it is less about the fine but more about the negligence they simply didn't bother

grandstar:
Thid is one of the largest fines on a non oil or financial body ever. It is disporpionate.

It should be reduced. 50bn or at most 100bn is enough to send a strong message

I am a supporter of reduced fine, but MTN took the case to court which I did not support. It's the same MTN that's seeking out of court settlement. You can NEVER sue your regulator over your own screw up and expect all to go well. Case example, when the U.S. was facing mortgage crises and the BIG banks were accused of foreclosing on homes inappropriately, the Feds sued. The banks begged to settle out of court which the AG agreed to. The banks paid through their nose and to punish the banks, the feds made sure every case of wrongdoing was audited (incurred by the banks). The banks learned, but I did not hear for instance, Bank of America or JP Morgan sued the Feds over their own wrongdoing. It's NEVER done, and MTN fvcked up on this one. In fact, I want them to pay the whole fine + other attorney and administrative fees incurred by NCC.

grandstar:
Thid is one of the largest fines on a non oil or financial body ever. It is disporpionate.

It should be reduced. 50bn or at most 100bn is enough to send a strong message

That amount wasn't just slammed on them, in the agreement they signed there's a specified fee for each subscriber they refuse to deactivate his or her line. That amount was multiplied by the total numbers of active unregistered subscribers. So telling them to pay 50 or 100B is against the agreement MTN and other network providers signed

grandstar:
The government has no sense. You are scaring off much needed foriegn investment with this obscene fine. And yet they keep crying no dollars

Use your brain and think well, Can we hold them by jugular in South Africa. They invest Nigeria and still hold us to ransome.

goodlifehyd:
i could remember vividly when the new minister tried reducing the fine was when MTN took the matter to court now they pleading for an out of court settlement Ko joor mehn

If the minister wanted to reduce the fine fantastic. Let's hope they work things out

grandstar:
If the minister wanted to reduce the fine fantastic. Let's hope they work things out

am pretty sure that offer is off the table cuz MTN took NCC and AGF to court, if you noticed what the lawyer who represented the AGF said, he wants the case settled in the courtroom and not outside anywhere

It's all part of th strategy. If you follow legal cases you will notice they take it court to frustrate the government and at some point depending on how the case is going the government may decide to settle out of court for a lower amount.

All you will hear is MTN and NCC and settled out of court for an undisclosed amount.

Reportersgame:
With all the mouth they made, NCC should not agree oo

Get more gist here http://www.juicygossips.com.ng/2016/01/mtn-seeks-out-of-court-payment-on-n104.html

That's not exactly true. Negotiating out of court settlement is normal during civil court cases. It can also be a way to delay.

It has been adjourn till March and then they bring something else up.

idnole4:
their lawyers have studied this case very well and realized it'd likely not end in their favour. if the govt., is to settle out of court then empty hen should be ready to cover any expenses incurred by ncc on the case so far.

So after all the noise, MTN no pay una the fine. Nigeria mouth action country

iamLeo:
the poster above me....u wicked o

If to say mtn don chop ur credit as dey take dey chop my own, u no go even agree make e reach tomorrow before them pay. #mtnmustpay

We don't need mtn again. Most of all these foreign company are killing us due to poor government policy... They run from other countries due to their policies to Nigeria.
They will even be saying that Nigeria gov is weak n you can operate them anyhow.

Alezy:
Na now day break??

Buhari is fighting every organisation/people who didn't support him sha. He might just end up splitting this country himself

your mumuness no dey here at all.

manny4life:


I am a supporter of reduced fine, but MTN took the case to court which I did not support. It's the same MTN that's seeking out of court settlement. You can NEVER sue your regulator over your own screw up and expect all to go well. Case example, when the U.S. was facing mortgage crises and the BIG banks were accused of foreclosing on homes inappropriately, the Feds sued. The banks begged to settle out of court which the AG agreed to. The banks paid through their nose and to punish the banks, the feds made sure every case of wrongdoing was audited (incurred by the banks). The banks learned, but I did not hear for instance, Bank of America or JP Morgan sued the Feds over their own wrongdoing. It's NEVER done, and MTN fvcked up on this one. In fact, I want them to pay the whole fine + other attorney and administrative fees incurred by NCC.

The US banks could have sued but it would have been futile. The US public also wanted nlood.

That however: is the US, the largest economy in the world. California alone is the 11th largest economy in the world.

Some of the fines were excessive but the banks wanted to move on as many more fines laid ahead. America is a very litigous society. Other countries did not fine their banks so ferociously.

America is not desperate for foriegn investors. They are not chasing dollars. Their currency is the worlds reserve currency.

As earlier said, its one of the largest non oil and financial fines ever. MTN is right to challenge the monstrous fine

goodlifehyd:
am pretty sure that offer is off the table cuz MTN took NCC and AGF to court, if you noticed what the lawyer who represented the AGF said, he wants the case settled in the courtroom and not outside anywhere

They should let go. To err is human, to forgive divine