MTN Nigeria fined $5.2 billion in 2015 by Nigeria Communications Commission (NCC) is facing a possible hike to $15.6 billion in a bizarre turn of events.

Nigeria’s House of Representatives is about to hike the fine slapped on MTN Nigeria for failing to deactivate the SIM cards of some 5.1 million subscribers as stipulated by an NCC directive.

The NCC initially fined MTN Nigeria $1,005 for each unregistered subscriber totaling to $5.2 billion but a 25% fine reprieve after appeals meant MTN only had to pay $3.4 billion. The NCC immediately increased this bill to $3.8 billion (35% reduction of the $5.1 billion) blaming the hike on a typing error.


The House of Representatives said the fine imposed by the NCC and the subsequent reduction following MTN Nigeria’s leniency appeal was not in accordance to stipulated laws.

Hon. Ehiozuwa Agbonayinma said: “MTN ought to have been fined under both Section 19 and Section 20 respectively with a cumulative penalty of N3.12 trillion, and not N1.04 trillion, which is a gross violation of the combined reading of the NCC Act.”

http://www.metronaija.com/2016/03/nigerian-lawmakers-increases-mtn-fine.html

cc: lalasticlala mynd44

j

Empty hen are thieves but the National Assembly are bigger theives

I hope empty hen does not go bankrupt with this fines

Be like say naija wan explode oo

With all the news flying around CBNgate, buhari $23million, Tinubu vs Kachikwu, fulani herdmen, aisha and shehu's forex, new comm tax, fighting in Nass, judiciary wahala,chibok girl etc

Now Nass want make MTN pay $15billa.

What do we believe again?


God is on the throne.

Good one...#paybacktime


remain DSTV. If dem go pay at all

uh

Haba, let's be reasonable na. The entire company assets worldwide isn't worth that amount I believe.

The lawmakers just want their share jare

That's too much, except if somebody has a personal beef with the company wants mtn to fold up!

Village People dey on top MTN progress.

How much is MTN Nigeria net worth?
Me I go like make dem fold sef, dey re ripping Nigerians off.

.

Chase them out let's see whether the law will employ those who will be laid off.

There's enough unemployment in the land already, we shouldn't exacerbate the situation all in a bid to seem tough.

This is not to say that we should condone flouting of our laws, but diplomacy needs be deployed in handling sensitive issues as this.

Meanwhile, from the look of things, it seem like MTN no more pay the 'Ghana must go' dues like they used to.
Men dey vex!

* Maga must pay, shout Halleluyah..."




Companies gats sit up before they shine torchlight for pesin face.
If them sight you, na only deposit slips you go dey sight.

malton:
.

Chase them out let's see whether the law will employ those who will be laid off.

There's enough unemployment in the land already, we shouldn't exacerbate the situation all in a bid to seem tough.

This is not to say that we should condone flouting of our laws, but diplomacy needs be deployed in handling sensitive issues as this.

Meanwhile, from the look of things, it seem like MTN no more pay the 'Ghana must go' dues like they used to.
Men dey vex!

I agree with you but, MTN is trying to capitalize on the fact that the vast majority of Nigerians are on their payroll thereby giving them the audacity to flout our laws at will.
I could recalled NCC gave them several deadline coupled with some extensions too.
Am with our legislators on this.

malton:
.

Chase them out let's see whether the law will employ those who will be laid off.

There's enough unemployment in the land already, we shouldn't exacerbate the situation all in a bid to seem tough.

This is not to say that we should condone flouting of our laws, but diplomacy needs be deployed in handling sensitive issues as this.

Meanwhile, from the look of things, it seem like MTN no more pay the 'Ghana must go' dues like they used to.
Men dey vex!

I agree with you but, MTN is trying to capitalize on the fact that the vast majority of Nigerians are on their payroll thereby giving them the audacity to flout our laws at will.
I could recalled NCC gave them several deadline coupled with some extensions too.
Am with our legislators on this

Bunch of useless lawmakers they only make laws that would benefit their stomachs and not the masses.