₦airaland Forum

http://www.nigeriacommunicationsweek.com.ng/telecom/mtn-will-not-pay-ncc-fine-plans-withdrawal-from-nigeria?utm_source=Verified%20List&utm_campaign=0809daa99d-January_181_18_2016&utm_medium=email&utm_term=0_a560bb15f8-0809daa99d-47890549



MTN Nigeria says it will not pay a dime or penny to the Nigerian Communications Commission [NCC] in respect of the N780Bn fine imposed on the telecom operator by the industry regulator for failing to deactivate unregistered SIM cards on its network.

A top official of MTN Nigeria confided in Business Journal that the telecom operator has perfected two grand strategies to avoid paying the fine to NCC.

“I can tell you that MTN Nigeria will not pay a single penny or dime to the NCC. We have already instructed the seven Senior Advocates of Nigeria [SANs] handling our legal action against NCC to keep the matter perpetually in court, up to the Supreme Court, by all means necessary until Buhari leaves office or Danbatta, Executive Vice-Chairman of NCC completes his five-year term.

Now, even if Buhari and Danbatta secure a second term, that would be eight and 1O years respectively, but we can keep the case in court beyond 1O years.”

The MTN official insisted that the operator cannot pay such huge fine without going under, arguing that what the NCC did was clearly in bad faith, not what they expected from a regulator.

He said the second strategy is to withdraw from Nigeria and expand to more African nations to make up for any revenue shortfall in terms of the Group.

“Our second strategy is to leave the Nigerian market entirely and expand into other territories in Africa and probably, the Middle East, to cushion the expected revenue gap from Nigeria.”

He called on Nigerians to prevail on the NCC to soft pedal on the fine, which he described as an attempt by the industry regulator to kill MTN Nigeria.

Hmmmmm....

the wickedness of black people ..this is one of our problems ..we don't like one another ..why go to IRAN ..did they even help you during apartheid

Bunch of look alike premature incubator babies called South Africans are very funny.

Mtn should pay the fine jor!

we need to sure up other sources pf income to our country
oil is not reliable again.
may God help us to do that.

Nigeria will still survive,,.

Okanokan:
$26 Dollar per barrel here we come. The South African Government has just done the needful, a TIT FOR TAT policy, which the Buhari Government employed in 1984 successfully. You can kill Mtn and expect us to pay you.

as far as mtn pay their fine, no shaking.

Are we still talking about oil in this country? like really? Don't this govt peeps read nairaland ni? There are lots of solutions to Nigeria's economic problems that have been stated on this forum. Govt should employ people that will be reading nairaland everyday if his economic team can do anything. infact, do we have an economic team in this country? i dey vez sef. I foresee lots of oil workers being laid off. Crude oil ko jawo mo.

Ofcourse..

Iran is currently the only nation not worried by falling prices of oil because even at the current price, they are still selling at almost 100% profit

Who cares

Wetin happen

By 2019 Nigerians will look back at the 4yrs between 2015-2019 and come to the conclusion that it was a wasted years.

We have dump a win formula in Gej for buhari the missing billion finder while the economy perish.

You want to fine MTN
you want Militant to account for billions.
You are causing artificial problem in the forex market.
You are forcing APC on states that are die hard PDP.
You are making imported goods expensive because of your policies.
You are editing and doctoring budget.
The money that buhari didnt make in 1984 he want to make it now.

Sometimes Buhari needs to think before acting. South Africa won't fold their hands and watch u slap such a heavy fine on a company of theirs no matter the excuse.

Now,they have retaliated by hitting Nigeria below the belt

good progress, change by the #angelicthieves

ooshinibos:
the wickedness of black people ..this is one of our problems ..we don't like one another ..why go to IRAN ..did they even help you during apartheid

Irans oil is currently cheaper and more available.

coolzeal:
He is still locating billions of naira to oil exploration in lake Chad basin instead of agriculture..

The man is confused

SA you know this life name trade by barter why this time OK I no go patronizing mtn n dstv again let's start.

Gbawe and his minions should also blame JONATHAN, PDP, IWEALA AND IPOD for this.

lookandlaff:
http://www.nigeriacommunicationsweek.com.ng/telecom/mtn-will-not-pay-ncc-fine-plans-withdrawal-from-nigeria?utm_source=Verified%20List&utm_campaign=0809daa99d-January_181_18_2016&utm_medium=email&utm_term=0_a560bb15f8-0809daa99d-47890549



MTN Nigeria says it will not pay a dime or penny to the Nigerian Communications Commission [NCC] in respect of the N780Bn fine imposed on the telecom operator by the industry regulator for failing to deactivate unregistered SIM cards on its network.

A top official of MTN Nigeria confided in Business Journal that the telecom operator has perfected two grand strategies to avoid paying the fine to NCC.

“I can tell you that MTN Nigeria will not pay a single penny or dime to the NCC. We have already instructed the seven Senior Advocates of Nigeria [SANs] handling our legal action against NCC to keep the matter perpetually in court, up to the Supreme Court, by all means necessary until Buhari leaves office or Danbatta, Executive Vice-Chairman of NCC completes his five-year term.

Now, even if Buhari and Danbatta secure a second term, that would be eight and 1O years respectively, but we can keep the case in court beyond 1O years.”

The MTN official insisted that the operator cannot pay such huge fine without going under, arguing that what the NCC did was clearly in bad faith, not what they expected from a regulator.

He said the second strategy is to withdraw from Nigeria and expand to more African nations to make up for any revenue shortfall in terms of the Group.

“Our second strategy is to leave the Nigerian market entirely and expand into other territories in Africa and probably, the Middle East, to cushion the expected revenue gap from Nigeria.”

He called on Nigerians to prevail on the NCC to soft pedal on the fine, which he described as an attempt by the industry regulator to kill MTN Nigeria.

after breaking the laws of the land, you say it was in bad faith for the fine to be imposed, the earlier mtn leaves nigeria, the better.

Mehn, this is serious.

vivalavida:
Sometimes Buhari needs to think before acting. South Africa won't fold their hands and watch u slap such a heavy fine on a company of theirs no matter the excuse.

Now,they have retaliated by hitting Nigeria below the belt

and you think Nigeria can't hit back, no nation is an island to itself even the great America needs Nigeria

dis is wonderful news!

Goke7:
after breaking the laws of the land, you say it was in bad faith for the fine to be imposed, the earlier mtn leaves nigeria, the better.

dem still dey talk in our land??...

abegi,make dem leave already...we are not interested in mediocre mtn services......to hell with dem!!!

Wow. USA is really flexing their power gan. see as they are crippling countries with this their shale oil. Now they now allowed IRAN to start selling thiers. This is what i call power

This is gud, I think the foreign partners are trying to make sure excess funds do not come in to Nigeria so that our evil leaders will not misappropriate it. We need to be left with a low funding to run this country so that we can start learning how to manage and spent appropriately.

Good development.

Nobody should buy the oil again and the global price should continue decreasing. Its currently $28 continue going down...

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

now please tell me how naija tends to achieve that..Just how...you think this present admin can think half that way..true federalism a way forward...and if the NCC likes let it continue to strangle mtn..nonsense...

This government should rush to save our economy or what will happen next won't be funny ...

vivalavida:
Sometimes Buhari needs to think before acting. South Africa won't fold their hands and watch u slap such a heavy fine on a company of theirs no matter the excuse.

Now,they have retaliated by hitting Nigeria below the belt

like seriously? Who cares if they don't by our oil anymore? You sound as if we are gonna die or starve to death if they don't buy our oil. We don't care about SA. Mtn should pay the fine asap.

Infact I'm disappointed with the apartheid regime in SA then, they should have gathered them all in a concentration camp and Gas them all. what nonsense.

Whether dem like or not we most survive

Goke7:
after breaking the laws of the land, you say it was in bad faith for the fine to be imposed, the earlier mtn leaves nigeria, the better.

I didn't say, the author of the article said so. Left to me MTN can go do one! AFAIAC we must collect every single penny of that fine. If they dont buy our Oil it's ok, we won't die, we will even be better for it because finally we will stop our over-dependence on Oil and look for other sources of revenues. The point behind posting the article was to highlight that MTN have no intention of paying.