₦airaland Forum

Buhari and NCC are not serious atall. What does it take to kick MTN out of Nigeria if they refuse to pay the fine...


I'm tired of South African companies taking us for a ride


The South African Government will never Bend the rules for a Nigerian company so why give them such treatment

coollabman:
MTN Nigeria has been given a two months extension window to settle with the Nigerian authorities over its $3.9 billion fine imposed on it by the Nigerian Communication Commission (NCC) in 2015.

This followed the adjournment of the case to 18 March 2016 by a Federal High Court in Lagos‚ on Friday over the $3.9 billion that MTN Nigeria has been fined by that country’s regulator.

A statement by the telecom giant, said that the two months extension was to enable the parties to try and settle the matter out of court.

“If the parties are unable to reach a settlement the matter will then proceed on that date‚” the company said.

It therefore advised the company shareholders to exercise caution when dealing in the Company’s securities until a further announcement is made.

MTN had gone to court to challenge the fine in court‚ as it argued that the size of the fine and the way it was imposed were not in accordance with the commission’s powers under the Nigerian Communications Act‚ Business Day reports.

According to the company, the penalty is substantially larger than it’s annual profits.
The Chief Executive Officer of MTN Nigeria, Mr. Ferdi Moolman explained that the fine could bankrupt the company as it represented 95 per cent of its annual turnover.

Meanwhile, MTN Group limited share rose the most in more than six years.
The share rose as much as 9.3 percent, the biggest gain since May 2009, before paring gains to 121.43 and at 1:27 p.m,Friday in Johannesburg.

The fine, which was reduced from an earlier $5.2 billion, was levied on MTN for failing to meet a deadline to disconnect 5.1 million unregistered subscribers, as security agencies seek to fight crime and Islamist militants.
“If the parties are unable to reach a settlement the matter will then proceed on that date,” MTN said.

www.leadership.ng/business/494403/mtn-gets-two-months-extension-pay-ncc-fine

I knw my country Nigeria is one big hell of a fooolll....

Why dragging this matter up and dwn..

How cn Mtn use a commission to do rubbish...

You fine Mtn Na u still cum reduce am,,u gv Mtn deadline to cum pay...Na u still cum xtend am..they Evn Hv mind to drag u to court...u still agree to negotiate outside court...

They told you if they cnt reach agreement they will drag u bck to court..Wat kind of country is this...

Which agreement are they now talking of...the fine is already set..so Wat agreement are they talking of...


Abi to reduce the fine again?

chai Nigeria..

No wonder whites look at us like shitttt..

...well just realized that this MTN fine is almost 2times dasuki's loot. I pity MTN sha.. 95% of annual turnover?

Insincere company, cheat thats what mtn is.

me and you will pay the fine for MTN indirectly...which we are paying already.

Why do I av a feeling that MTN wouldn't still pay up in the next 5months. FG is toothless Lion.

Iamlordgee:
Make Them leave this people naa

Is that the role of a regulator? To be playing ignorant when industry players breach rules and regulations?

I hope you're not in a position of authority, else anything goes with you?

Foolish Nigerians urging their government to bankrupt a private enterprise.una never see unemployment. When poverty strikes so hard that cannibalism becomes the only source of animal protein,una go get sense.

I dont think they will pay again from the looks of things

They will still not pay, onigbese ni wonn

The stakeholders need to know that MTN as run and made known by its management in Nigeria, is a corporate rascal with very poor ethical and regulatory compliance ratings! NCC ought to do more to ensure the public know they have an alternative to the waste of time at MTN offices in a bid to register their SIMS which some have done thrice over! Number portability is it! I'd left to some more humane network and I'm enjoying better data and daily improving services with Etisalat!

StOla:
Is that the role of a regulator? To be playing ignorant when industry players breach rules and regulations?

I hope you're not in a position of authority, else anything goes with you?

They Have Been Disturbing This Network Since Last.. Cant They forgive Them.. What Is it Sef.

No Balls yet.

Smh..

Timileyin008:
Fresh outta ban.
In another news



















8th

no wonder; welcome back though.

docjuli:
no wonder; welcome back though.

No wonder what?

MTN is just buying time to use it and get the money from innocent subscribers...for the past 3 weeks i'm being charged for nonsense callerfeel and caller tune I never subscribed for. Every attempt to stop it has proved unsuccessful. Tired of calling dumb ass customer care of MTN...guys I need a way out bikokwa!

Timileyin008:
No wonder what?

The spacing

How would you expect MTN to cough out 1 trillion naira? Dem be money making machine?

The essence of fine has been defeated in this case as it should not be intended to kill a business.

Nonsense.

docjuli:
The spacing

You are as well guilty

na so so extension,wen una go say una no fit ban dem.