MTN has made a payment of 30 billion Naira ($98 million) to the Nigerian government in part settlement of a 330 billion naira fine imposed on the telecoms group for not disconnecting unregistered SIM cards.
According to Reuters reports, an MTN source revealed on Thursdayf that the Arica’s largest telecoms company has already paid 80 billion naira of the total amount owed.
The fine is due for payment in six instalments over three years.
MTN Nigeria was originally fined $5.2 billion last October for failing to deactivate more than five million unregistered SIM cards, but the fine was reduced in a settlement that paved the way for MTN to list its subsidiary on the Nigerian Stock Exchange.

Nigeria has been cracking down on unregistered SIM cards, concerned that they are used for criminal activity in a country fighting an insurgency by Islamist militant group Boko Haram.

MTN, which operates in 20 countries, had set aside $600 million last year to pay the fine. ($1 = 305.45 naira)

Source: http://mobile.reuters.com/article/idUSL5N1H76GR

FTC. A NICE MOVE AGAINST MTN

Next story
FG shares ABC billionon


Next Story
Breaking! EFCC traces XY billi to minister, governor's association


And in another story
FG: $X billion dollars refund. How we spent it.


And the Nigeria story continues

MakeADifference:
Next story FG shares ABC billionon

Next Story Breaking! EFCC traces XY billi to minister, governor's association

And in another story FG: $X billion dollars refund. How we spent it.

And the Nigeria story continues

You are true Nigerian....

if it was one administration i knew, they won't have paid. It would have been "business as usual." Money exchange hand and case closed. But i now know of an administration, when they mean you, you pay to the last dime. Refusal to corporate and you find yourself suddenly developing white hair in a prison that i know.

They should pay it into my account.
Lemme help nigeria manage it or atleast make it a compensation for everything that yellow had done to me

bad story

Mo money

How many are we in Nigeria self.... APC and Buhari should just bring the 30 Billions let's share it because I don't trust the present administration.

Pls hit like if you are in support of the preposition.

SO these telecom operators dey make such money

My 150 they deducted last week without explanation is part of the money oo

Tale as old as time,
True as it can be
Barely even friends

F

In the end, they'll tell you there's no money. Buhari's a f00l

Tati billion for my account

Later the money will go down d drainage without seeing anything significant done with it.


Later our hypocrite president will come out n say "im fighting corruption"..

benuejosh:
if it was one administration i knew, they won't have paid. It would have been "business as usual." Money exchange hand and case closed. But i now know of an administration, when they mean you, you pay to the last dime. Refusal to corporate and you find yourself suddenly developing white hair in a prison that i know.

What is this one saying

That's what they've been using all the illegal money they have been withdrawing from my account to do. Robbing Peter to pay Paul. Read my hilarious diary on the link below. If you don't laugh, send me your address, I'd send you PIZZA. THEMADMAN'SBLOG

Davido predict am.

30 billyon for the account eh...

Siki Siki ma mii Owo wole de...


In Davido's voice 30 billion for the account OOO babyyyyyyyyyyuyuuuu


Aba kayari TGIF

benuejosh:
if it was one administration i knew, they won't have paid. It would have been "business as usual." Money exchange hand and case closed. But i now know of an administration, when they mean you, you pay to the last dime. Refusal to corporate and you find yourself suddenly developing white hair in a prison that i know.

U be mumu. Aswear

the question now is how is the money going to be spent

MakeADifference:
Next story
FG shares ABC billionon


Next Story
Breaking! EFCC traces XY billi to minister, governor's association


And in another story
FG: $X billion dollars refund. How we spent it.


And the Nigeria story continues

how can you forget " very big huge snake killed in my backward"

" flying bird turn to old woman after hitting nepa pole"

No wonder my 100mb just dey disappear anyhow within 1 hour.

When I call customer care, they ask 'have you been using Watsapp in the last 1 hour?'

Amipego:

U be mumu. Aswear

Bros no be only Mumu problem but some people IQ naturally dey low which is not God's fault.

If we don't share the 30 billions individually, I don't believe this news

How many are we in this con3ry?

How much remain abeg?

Good

awa:
How many are we in Nigeria self.... APC and Buhari should just bring the 30 Billions let's share it because I don't trust the present administration.

Pls hit like if you are in support of the preposition.

Preposition! Preposition!
No, I am only in support of the pronoun+

30 Billie