₦airaland Forum

On Tuesday, the Federal High Court in Lagos barred MTN Nigeria Communications Limited from moving any funds abroad it may have in Nigerian banks until the hearing of its suit challenging the N1.4 trillion fine imposed on it by the Nigerian Communications Commission (NCC).



The Federal Government brought a motion to restrain the 21 commercial banks, in which MTN has funds, from releasing money to the telecommunications giant.

“The FG seeks an order of Mareva injunction [a court order which requests assets be frozen] restraining the aforementioned banks from releasing, making a sale, transferring, or paying any of the monies maintained by the plaintiff MTN,” the motion read in part.     

In October, the telecommunications giant was originally hit with a massive $5.2 billion fine by the NCC for failing to disconnect unregistered subscribers.  This failure was in direct violation of regulations put in place by the NCC in order to combat the uptick in kidnappings and the Boko Haram insurgency, both of which often involve the usage of cell phones.  

The fine was eventually reduced to $3.9 billion in December.  However, MTN is suing the NCC and the Attorney General of Nigeria, Abubakar Malami, contending that as a regulatory body the NCC does not have the right to assume all the functions of the state.


http://saharareporters.com/2016/01/12/mtn-barred-accessing-funds-nigerian-banks

The earlier MTN realise they can't fvck around with Nigeria under PMB, the better for them. Buhari is not the weak Jonathan, they better pay up the fine peacefully or be made to pay up the hard way. PMB got no chill.

Madam Modath, you always invite me to your threads. Let me extend the courtesy.

Ok

These corporations do not understand that the era of - Chop and Clean mouth has been suspended in Nigeria

This is not a Jonthanian, corruption led and ogogoro fueled administration, companies can no longer act with impunity and hope to clear their mess by feeding Jonathan's lifelong ambition of uncontrolled Ogogoro consumption.

There is a new Sheriff in town. A man of process and principles!

How MTN thinks that they can circumvent the decision of this government is laughable. Nigeria is their biggest market in the World. They make over 25% of their global profits in this country. As a business, they have to adhere to the rules of their host economy.

Nigeria is the biggest market for Telecoms and IT in Africa. MTN are replaceable and they know this. They cannot try half of these stunts in Uganda or SA.

Nigeria is under new Management! The sooner MTN realises and accepts this FACT, the better for them.

Harsh times indeed

Which story person go believe now.
Read the opposite earlier now this..

Time some fake news journalist/house visit prison...

But in another thread, it has it that Court refused FG's application. So, which one do I believe now?

Good.

which one we go believe now?

menix:
Which story person go believe now.
Read the opposite earlier now this..

Time some fake news journalist/house visit prison...

Lol.. True talk sha. But I think the other one was not to "FREEZ"their account and this one is they can't get their funds out of any Nigeria banks until the fine is paid.

nickxtra:
But in another thread, it has it that Court refused FG's application. So, which one do I believe now?

I think they are two different things.

Kk

bronzegoddess:
I have a feeling MTN bank with UBA

"The Federal Government brought a motion to restrain the 21 commercial banks, in which MTN has funds, from releasing money to the telecommunications giant"

Lalasticlala

This deserves FP.

@ Topic

I feel both sides should sheath their swords, have a sit down and seek ways to achieve a common ground.

When two elephants are fighting, it is the grass that suffers.

Having said that, MTN has to really work on its public policy department. They have not handled this issue professionally.

MTN thinks they are dealing with past govts.

They are in for a mega long thing.

Mtn be like..... GBESE RE OO!

That's better


Allowing MTN access to funds is like leaving a loaded gun with a toddler


And the Fine was even legal , why is MTN refusing to pay after all the fraudulent deductions from user's accounts


I did not subscribe to anything but they kept charging me twice a week for caller tunes throughout december

and data ? One movie and 4 gig turns to 800 MB

MTN should pay up afterall the fine's been reduced

DaBullIT:
That's better


Allowing MTN access to funds is like leaving a loaded gun with a toddler


And the Fine was even legal , why is MTN refusing to pay after all the fraudulent deductions from user's accounts


I did not subscribe to anything but they kept charging me twice a week for caller tunes throughout december

and data ? One movie and 4 gig turns to 800 MB

MTN should pay up afterall the fine's been reduced

They have access to the funds but it can't leave Nigeria.

Csami:
They have access to the funds but it can't leave Nigeria.

AND that's access?

DaBullIT:
AND that's access?

Won't they pay workers? That's the access.

Csami:
Won't they pay workers? That's the access.

Whatevs

LOL

Ok..

You take NCC to court after infringing on their order. That genius- I think. How best can u lose?

DaBullIT:
That's better


Allowing MTN access to funds is like leaving a loaded gun with a toddler


And the Fine was even legal , why is MTN refusing to pay after all the fraudulent deductions from user's accounts


I did not subscribe to anything but they kept charging me twice a week for caller tunes throughout december

and data ? One movie and 4 gig turns to 800 MB

MTN should pay up afterall the fine's been reduced

They have to pay the full fine now since they refused to pay the reduced sum within the stipulated period.