The fine is three quarter of our national budget. Lol.
MTN pls run Oh. Lol

the truth is ncc is not doing Nigeria economy good with this outrageous levy on mtn the ncc are gready people imagine fining a company a quarter of the total asset value this is stupid

It is little compared to the way mtn exploit customers.... Deducting money for services you never use... Mtn b deducting #300 for opening one page!... Oun pe!!

Your Opinion abi, No wahala!

cosby02:

You are more sectional than the president.

Tell your self that and leave me with my opinion ok..

OlujobaSamuel:

pls skip that tribal bigotry. who told you they will send the heads to prison if the company fails, the company can only be dissolved and liquidated, if mtn parent company decides to sack the mgmt for failing to comply to regulatory provisions, who told you they won't employ the new directors from Nigeria, who told you northerners are not among the directors, who told you the current directors if dismissed will not get a job the next day?

Yeah just like the foolishness of Nigeria is sinking it...

stinggy:


This your foolishness can kill you if not properly managed.
Hain!!!

redsconsult:
A ploy to bring NITEL/MTEL back on board. Indegenisation is the key. Imagine mtn on johnesburg stock exchange but can't even allow Nigerians yo invest in their company in Nigeria. Still they carry most of foreign currency from Nigeria to south Africa. I support the fine and ncc should never step down on the fine. Next should be dstv with around 4trillion naira fine.

Omo u dey vex ooo but am with you full time! DSTV is milking us full-time but those that are supposed to speak for us don't care abt the DSTV wicked tarrif bcs THEY pay annually direct via DSTV bank accnt.

Non of these Telecomm..is compitent enough to issued licence for COMMUNICATION & INFORMATION, especially the way they FLOUD we NIGERIANS by so called BONUCEorBONUCES and go skute free, not mineding the finanacial strogule of the subscribers. YES...PRESENT NCC...is not Witchhunting any body, But anybodys ACTION'S is their CONSIQENCiES...

una don forget say na we mtn user go suffer am last....#justsaying

Abeg NCC should park well joor,the ones dem dey pay dem since as fine for our head based on network wahala,we see am,corruption everywhere.

Good for you Mtn. When you decided to just cut Apple off for out own fault you never know it Wii become like this.

onatisi:
see question smh

There are always 2 sides to an argument. My question might seem silly to you but if you weren't so angry with MTN, you will realise that while the network messed up by activating unregistered lines, (note that ALL of the networks were guilty of this by the way. Just that MTN had the largest chunk by virtue of their been the largest network) the NCC also failed in its duty of regulating the industry by not noticing that MTN and all of the other networks were activating unregistered lines. This issue only became one because of the advent of Boko Haram and more because of the recent kidnap of Chief Olu Falae.

If you weren't so angry with MTN, you will realise that there are over 10,000 Nigerians that benefit directly or indirectly from that business staying afloat. I am not arguing that any business local or foreign should take Nigeria's laws and regulations for granted, I am just saying that there are always 2 sides to an argument and the matter should be addressed more holistically.

The cure for a headache is not a beheading!

however let them face the music I remember when mtn said migrating to per second billing will cost them huge amount glo did it with out any stress when its comes to riping and cheating consumers it will not cost anything.

yomalex:
Can you read what you typed again? So it's okay for a company to come to Nigeria and disregard our laws? The fine had been stated before the offence other networks complied but MTN refused

Yes, I read what I typed. No I am not saying it's okay for a company to come to Nigeria and disregard our laws.

If you really read what I wrote, you will also notice that I did not say it's okay for a company to come to Nigeria and disregard our laws.

bad belly people na them full naija. everybody just de talk like say dem de wait make bad thing happen to MTN

Dotng:
N1.4trn penalty too heavy to bear – MTN

Three days after Nigerian Communications Commission, NCC slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to resolve the issue.

MTN Group noted with dismay that Nigerian Communications Commission refused to listen to its plea to reconsider its stand on the penalty slammed on its Nigerian arm last week.

According to a report, MTN Nigeria spokeswoman, Chineze Gbenga-Oluwatoye, had said in an e-mailed response, that “recommendations were put forward with respect to the non-commensurable nature of the fine but the Nigerian Communications Commission did not accept recommendations that the fine of 200,000 Naira ($1,005) per SIM was too heavy.”

‘‘MTN Nigeria contacted the regulator with concerns that a demand to disconnect SIM cards by a certain deadline would cause “severe disruption” for customers and recommended a staggered process to limit the possible impact,’’ said Oluwatoye.

As a result of the fine, MTN shares plummeted about 20 percent this week in Johannesburg. The biggest four-day drop since 2008, valuing the company at about 284 billion rand ($21 billion).

A MTN service provider tries to register a client's SIM card in Lagos, on October 27, 2015. Nigeria's telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa's largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

Nigeria’s telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa’s largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

The phone operator had said on Monday that the Nigerian Communications Commission is seeking the penalties because it missed a deadline to disconnect 5.1 million subscribers and is reviewing its management in the country.

Moody’s Investors Service had on Thursday lowered it’s rating for MTN to negative from stable following the fine.

“Key concerns raised to the NCC highlighted the difficulty of carefully reviewing the data on 18.6 million records within the one week deadline to ensure identification and disconnection of only affected subscribers,” Oluwatoye added.

Meanwhile, Financial analysts have pointedly said that Nigeria government is at risk of scaring off investors it can’t afford to lose if the N1.4 trillion fine slammed on MTN holds through.

With an economy struggling to cope with sliding oil prices, the experts said currency restrictions and no finance minister, authorities are doing themselves no favors by penalizing one of their biggest foreign investors.

According to fund managers including David McIlroy of Alquity Investment Management Limited, the fine equates to more than 20 percent of Johannesburg-based MTN’s market value.

“It’s the last thing Nigeria needs, given the economic and political struggles it’s contending with at the moment,” McIlroy, chief investment officer at Alquity, which oversees $100 million of frontier market stocks, including MTN shares, said by phone from London.



http://www.vanguardngr.com/2015/10/n1-4trn-penalty-too-heavy-to-bear-mtn/

They should pay up, they ve been maltreating Nigerians since 2001, they have made zillions of dollars for the past 14yrs its time to return the favor to Naija.
Thank God PMB is not like that ogogoro master from south south.

speedyGonzales:



well, with GEJ I will agree with you, but I am not sure about Buhari... we will see!

what's this one saying?
Peeps think Buhari is a panacea for all problems.
Sorry.
The old man tracks down his enemies.
Ask AMECHI.

Na we go suffer am nw... nice move from NCC. . .Remaining DSTV,those S\African companies are wicked

MTN like money now than anything in this world with their bad service! Make it 2 trn dollars sef. Let them go bankrupt and JAMB will buy them. Bye!

Reptyle:

There are always 2 sides to an argument. My question might seem silly to you but if you weren't so angry with MTN, you will realise that while the network messed up by activating unregistered lines, (note that ALL of the networks were guilty of this by the way. Just that MTN had the largest chunk by virtue of their been the largest network) the NCC also failed in its duty of regulating the industry by not noticing that MTN and all of the other networks were activating unregistered lines. This issue only became one because of the advent of Boko Haram and more because of the recent kidnap of Chief Olu Falae.
If you weren't so angry with MTN, you will realise that there are over 10,000 Nigerians that benefit directly or indirectly from that business staying afloat. I am not arguing that any business local or foreign should take Nigeria's laws and regulations for granted, I am just saying that there are always 2 sides to an argument and the matter should be addressed more holistically.
The cure for a headache is not a beheading!

abeg tell dem ! How much be Naija's budget sef ?

Machiny:
Can't stop laughing

For what? shey dem kill person ni, #200,000 per sim

MTN is now charging me 47kobo/sec. I complained at the nearest customer care centre all to no avail.
Its like mtn wants to get the money illegally from subscribers.
NCC add another charge : (1) Failure to disconnect unregistered line : Fine is # 1.4Tr
(2) Charging customers arbitrarily :
Fine is 50% of the above fine.
(3) ........... Add yours

it is tym we start patronizing our own indegenious network Glo unlimited

musKeeto:
From 'everywhere you go' to 'abeg, u wan make we go?'

Lol... Funny catch phrase

The fine is ridiculous but on the other hand MTN deserves a fine.
These thieves give you a 1 month "free trial" for a service. Then the next month they send you a message that your free trial is over, Send "Unsubscribe" to x number by X date or you will be charged the MONTHLY subscription fee every month.
This is just monthly daylight robbery! What about all the people who didnt see the message or grandma that doesn't even use SMS. How will she unsubscribe from that rubbish that she never requested/subscribed to.
They just find new ways to steal money from people.

jazinogold:
MTN go vex increase tarrif codedly! U go dy call, before you know sarah go tell u say 'u v one minute remaining'

lolhahahagaga I swear guy u r madddd!! so d person wey de talk that ting na Sarah ehh

commitcrime:
Mtn has hurt me really bad.
I want the NCC spokesperson to use their customer reps voice and tell them this for me. "We re sorry u ve to pay the fine. Sorry for the inconveniences. Thank you for using nigeria"


PS nigerians it is time to port so as not to feel the wrath of MTN

lolhahaha bro ur own na small thing, if I tell u my storey about this ppl ehhh u go pity me

Dotng:
N1.4trn penalty too heavy to bear – MTN

Three days after Nigerian Communications Commission, NCC slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to resolve the issue.

MTN Group noted with dismay that Nigerian Communications Commission refused to listen to its plea to reconsider its stand on the penalty slammed on its Nigerian arm last week.

According to a report, MTN Nigeria spokeswoman, Chineze Gbenga-Oluwatoye, had said in an e-mailed response, that “recommendations were put forward with respect to the non-commensurable nature of the fine but the Nigerian Communications Commission did not accept recommendations that the fine of 200,000 Naira ($1,005) per SIM was too heavy.”

‘‘MTN Nigeria contacted the regulator with concerns that a demand to disconnect SIM cards by a certain deadline would cause “severe disruption” for customers and recommended a staggered process to limit the possible impact,’’ said Oluwatoye.

As a result of the fine, MTN shares plummeted about 20 percent this week in Johannesburg. The biggest four-day drop since 2008, valuing the company at about 284 billion rand ($21 billion).

A MTN service provider tries to register a client's SIM card in Lagos, on October 27, 2015. Nigeria's telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa's largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

Nigeria’s telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday. The penalty saw shares in Africa’s largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.

The phone operator had said on Monday that the Nigerian Communications Commission is seeking the penalties because it missed a deadline to disconnect 5.1 million subscribers and is reviewing its management in the country.

Moody’s Investors Service had on Thursday lowered it’s rating for MTN to negative from stable following the fine.

“Key concerns raised to the NCC highlighted the difficulty of carefully reviewing the data on 18.6 million records within the one week deadline to ensure identification and disconnection of only affected subscribers,” Oluwatoye added.

Meanwhile, Financial analysts have pointedly said that Nigeria government is at risk of scaring off investors it can’t afford to lose if the N1.4 trillion fine slammed on MTN holds through.

With an economy struggling to cope with sliding oil prices, the experts said currency restrictions and no finance minister, authorities are doing themselves no favors by penalizing one of their biggest foreign investors.

According to fund managers including David McIlroy of Alquity Investment Management Limited, the fine equates to more than 20 percent of Johannesburg-based MTN’s market value.

“It’s the last thing Nigeria needs, given the economic and political struggles it’s contending with at the moment,” McIlroy, chief investment officer at Alquity, which oversees $100 million of frontier market stocks, including MTN shares, said by phone from London.



http://www.vanguardngr.com/2015/10/n1-4trn-penalty-too-heavy-to-bear-mtn/

dats nt convincing, if u dnt av d money,quickly pack out and go. Shikena

Na you guys go pay'm, I just paid mine and when my money was taken by Empty hen they said I subscribed for music plus and wetin I dey do with music plus, they no gree answer me,when did I opt in for it ; no answer and Oya refund the money, English come enter our policy our policy. Boko Haram pls do us a favour of bombing Empty hen telephon mask, they are thieves and their customer cares are also thieves. Everywhere in the zoo is criminals and thieves why.

You need to read; Fresh Trouble Brewing For MTN In South Africa!!! by sinkhole: 3:08pm

by Seyi Odetola Facts: • Are you aware that MTN SA is the parent company of MTN Nigeria? • Are you aware that MTN SA is a listed company in Johannesburg Stock Exchange? • Are you aware MTN SA is capitalised at $30billion? • Are you aware that incomes from MTN Nigeria contributes 57% profits to the MTN SA? • Are you aware that MTN International(combination of all the countries) has 125million telephone subscribers? • Are you aware that of the total 125million MTN subscribers worldwide, Nigeria has 62million subscribers amounting to HALF of the subscriber base? • Are you aware that when the MTN SA decided to have a dual listing, the SA management refused to consider Nigeria as a hob but went to NYSE? • Are you aware that the MTN SA is presenting considering listing in Hong Kong to provide Asia investors access to the shares? • Are you aware that MTN SA structure MTN Nigeria in a way that around 42% of the total profits from MTN Nigeria are repatriated to MTN SA? • Are you aware that MTN SA was FORCED to give 4% of the share capital to the BLACK EMPOWERMENT SCHEME in South Africa in order to empower blacks in SA? • Are you aware that MTN SA commits $1billion in the average to the Corporate Social Responsibility ONLY in SA? • Are you aware that MTN SA pay corporate tax to the value of $2.01billion in South Africa in financial ending 2013-14? • Are you aware that MTN Nigeria's incomes of the which MTN SA pays taxes on is around 53%? • Are you aware that MTN Nigeria pays around ONLY N120million in the financial year ending 2013-14? • Are you aware that the MTN Nigeria receives waiver from the FG worth $2billion(N500billion) over the last three years? Hmmm...the more I dig into these shenanigans and lopsided company called MTN SA and MTN Nigeria, the more I see a company taking advantage of our moronic leaders who never thought well of our dear country. I am very, very upset now, so I will stop here with... But suffice is to say that MTN SA/ Nigeria MUST be made to pay for this clear violation of regulatory directive...How I wish NCC will not compromise and water down this fine. MTN SA spends this proposed fine on the SA blacks every year, those who went to slaughter our own even this year. So, the money isn't big for MTN SA at all. make them pay am! !!