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Nairaland Forum / Science/Technology / Phones / MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News (25332 Views)
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Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by kaboninc(m): 9:03am On Oct 21, 2016 |
fotune1894: Lol. Let's watch and see. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by loomer: 9:22am On Oct 21, 2016 |
wristbangle: No deceive yourself. As them dey so, them don leave naija. Na their shadows we dey see. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by longerthroat(m): 9:27am On Oct 21, 2016 |
plaetton: when will adults stop reasoning from anu.s? every country has its own laws concerning international money transfer. Cristiano Ronaldo was seen with €50,000 heading to Portugal from Spain, and it was seized from him. what is his weekly wage? is it not his money? but it was because he broke the country's money transfer policy. let's start seeing things for on a more sensible angle and stop antagonizing ourselves. Take it or leave it, Nigeria is our country and will remain, if e vex you more, Bro kindly port to Benin republic. 1 Like |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by mukhcech(m): 9:30am On Oct 21, 2016 |
plaetton: How old are you? Tell me you did not see the word ILLEGALLY 2 Likes |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by AreaFada2: 9:35am On Oct 21, 2016 |
plaetton: I do not trust the way Buhari is managing the economy with is flip-flop policies BUT they are talking about illegal transfer of funds here. Therefore, it is conceivable that adequate taxes may not have been paid in those funds. Even if the policies are rather moronic in many cases, you still should not defy the rules a host country said you should follow. Instead negotiate with the authorities. 2 Likes |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by Next2Bezee(m): 9:36am On Oct 21, 2016 |
plaetton: What do you know about Globalization f00l. Do u think that there is any country out there that allows an international organization to take out all its profits? They force them to leave the majority of it in the country so that the company is forced to reinvest their profit back in the host country. 2 Likes |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by middlebelter(m): 9:59am On Oct 21, 2016 |
plaetton: People like you should learn to show patriotism sometimes especially if don't fully comprehend the matter being discussed. Read the thread again and you will discover the word "illegal" that implies they transfered some money in contravention of the law. Before a corporate operate in a geopolitical matrix, it is expected to understand the law of the land and abide by it. If the law says you can only repatriate only 40%of your profit and you agree to operate in such clime any breach will attract the appropriate sanctiond and such a firm will be regarded as law breaker just like when individuals breaks the law. 2 Likes |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by Nobody: 9:59am On Oct 21, 2016 |
See what a flatron is posting on nairaland? And he even has the effrontery to himself "yorubastinks" spewing all kinds of nonsense with grammatical errors. Supporting Why mtn should take money out from Nigeria. Well I don't blame you, I blame your forefathers pascal dozie who Helped them achieve such monumental frauds. 1 Like |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by Snapchat: 10:00am On Oct 21, 2016 |
kaboninc: ok, u think mtn is Nigeria's source of income. applaudise!! |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by Nobody: 10:03am On Oct 21, 2016 |
YorubaStinks: See what dis eediot flatiron is posting on nairaland? And he even has the effrontery to himself "yorubastinks" spewing all kinds of nonsense with grammatical errors. Supporting Why mtn should take money out from Nigeria. Well I don't blame you, I blame your forefathers pascal dozie who Helped them achieve such monumental frauds. 2 Likes |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by kaboninc(m): 10:08am On Oct 21, 2016 |
Snapchat: MTN is one of Nigeria's source of income whose activities have a rippling effect in the Nigerian economy - they pay all manner of tax to all tiers of government, creates jobs (directly and indirectly), creates wealth, take on social responsibility initiatives (community, health, social, educational, etc) and ultimately improving our national economic life. So YES, MTN is one of Nigeria's source of income and wealth! applaudise!! Thank You! 2 Likes 1 Share |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by kaboninc(m): 10:11am On Oct 21, 2016 |
nuti: Should MTN not take their money out of Nigeria? 1 Like 1 Share |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by wasiudvd(m): 10:11am On Oct 21, 2016 |
you read without understanding, or you didn't read at all. the alleged transfer is between 2006 - 2016. how come its a sign of no confidence with administration? Investor or not, they should transact according to the rules. plaetton: 1 Like |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by rusher14: 10:19am On Oct 21, 2016 |
YorubaStinks: Err, they created an atmosphere for telecommunication companies to do business. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by wazobiaN9(m): 10:21am On Oct 21, 2016 |
plaetton: "How deep is your love" a song asks.. In your own case, how shallow is your thinking.. ?!! |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by YorubaStinks: 11:31am On Oct 21, 2016 |
nuti: Grammatical blunders ?? I don't blame you |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by kaboninc(m): 11:51am On Oct 21, 2016 |
wasiudvd: We are yet to know if they contravened any rule! |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 11:57am On Oct 21, 2016 |
AreaFada2:How many airlines are shutting down or moving out of Nigeria ? How many companies have moved their operations out of Nigeria over the past year and half ? Part of the reasons is that aside from not being able to repatriate their profits, the present government actually CHEATS them by mandating them to use unfavourable fixed exchange rates for their businesses. CAPITAL always looks for safety . CAPITAL always takes flight when it feels unsafe. There are no sentiments and no patriotism in CAPITAL. Even ordinary Nigerian politicians and citizens move their CAPITAL to safety, talkless of a foreign corporation with a fiduciary responsibility to its home shareholders. Governments all over the world do a lot of things, grant a lot of concessions to woo CAPITAL, not wage a moronic war against CAPITAL. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:05pm On Oct 21, 2016 |
mukhcech: That is exactly my point. MTN's legally earned is money is MTN's money. MTN has a fiduciary responsibility to its shareholders to protect and manage its CAPITAL. Putting restrictions on how a company that employs tens of thousands, generate billions in taxes , should manage its CAPITAL is tantamount to waging a war against CAPITAL. There should be nothing illegal about an independent company moving its CAPITAL whenever and however they deem fit and in the best interest of their shareholders. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by rikamann: 12:11pm On Oct 21, 2016 |
plaetton: Please ask questions if you don't know than ignorance |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:15pm On Oct 21, 2016 |
007Gbenga:Better. If there is evidence of tax evasion, then that is a separate issue that should be easily investigated and appropriately sanctioned. Otherwise, I just don't see the reason for the brouhaha that a company smuggled its own CAPITAL out of borders. It's a simple Flight to Safety. Rather than sulking and scapegoating MTN, we should be alarmed at the deteriorating economic conditions and policy flip flops that imperil the free flow of CAPITAL into and within our economy. 1 Like |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by wasiudvd(m): 12:19pm On Oct 21, 2016 |
kaboninc: Mr Canavaro, defender of the universe. it is alleged that the transfer is against the rule, investigation has commenced. why defending him? |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:22pm On Oct 21, 2016 |
kilokeys:Thank you jare. Give them incentives to reinvest in the economy, not bully them by putting counterproductive restrictions on them. CAPITAL is very very sensitive to body language, the body language of the government and policy makers. CAPITAL must rush out, by any means possible, when it feels threatened directly or through body language. The body language, no, the body odour of this present government towards the FREE movement of CAPITAL has been very very odious, to be mild. 1 Like 1 Share |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:27pm On Oct 21, 2016 |
soletar: Yeah. Think like Buhari. How is that going so far ? You wage a war against CAPITAL, you are guaranteed to loose. No Hail Marys about. And for the millions of unemployed people on the verge of starvation because there are not enough MTN's and DSTVs to give them stable employment, I suggest you console and feed them plates of your misguided patriotism. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:31pm On Oct 21, 2016 |
fotune1894: Well, if tax or tax evasion is the issue, then that should be properly investigated. And that's easy to figure out and easy to sanction and recover back taxes from their future earnings. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:36pm On Oct 21, 2016 |
Enuguboy4nsk: Far Two many halfbrains in this country. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:37pm On Oct 21, 2016 |
martineinstein:I take that as a badge of honor. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:45pm On Oct 21, 2016 |
awakeuche:Let's put things in proper perspective. If MTN evaded taxes in Nigeria, MTN should be made to dance to the music. Simple. If MTN transferred their own earned profits, their OWN CAPITAL out Nigeria for whatever reasons and by whatever means, then rather than sulking with this bad Belle, we should be rightly worried about why CAPITAL feels unsafe and taking flight from Nigeria. We love blaming and scapegoating so much, that it has become a part of our national psyche. CAPITAL has no sentiments. It must take flight, through any means possible, when it feels unsafe. We don't seem to understand CAPITAL and its dynamics. The day we do, we might actually begin to properly harness the power of CAPITAL , and with it, build a more prosperous nation. 1 Like |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:50pm On Oct 21, 2016 |
Ahmeduana:Thank you. Very simple. Tax is the issue. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by plaetton: 12:54pm On Oct 21, 2016 |
seunmsg: I do agree with you 100℅ on this. That should have been part of the original agreement before granting them the license. Being a publicly traded company in Nigeria would mandate more disclosure and more loyalty to Nigerian shareholders as part of their fiduciary responsibility. |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by verygudbadguy(m): 1:04pm On Oct 21, 2016 |
kaboninc: It does. We wanted to procure ammunition with the so called cash in an arms company in SA but it was illegally moved in. MTN illegally moved money out of Nigeria. Does it make sense now? |
Re: MTN Illegally Transferred 'mind Boggling' Sum Out Of Nigeria- Yahoo News by kenyad: 1:09pm On Oct 21, 2016 |
Some people in this country are so senseless that they don't know what is right from what is wrong. You guys should push your legislators to move a motion for referendum to be inculcate into the constitution so that you can do the the right thing appropriately. But I'm not surprised because most of you that never wish Nigeria well are not in Nigeria, you are in your second country South Africa. |
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