adaweezy:

Who says the Companies will close down, they will leave and the government of Nigeria will nationalize it as well as resell it to Nigerians examples of such cases are union Bank, first Bank etc

Melonny:
Who cares if they go or not. The president Buhari once said if he emerges as the president, business in Nigeria will no longer be shit. "Will be based on rules". The management slept too long to realise there is new sheriff in town. This will send a positive message to potential investors that Nigeria is fast becoming Africa's Singapore. I am sure they will be willing to invest and a get return for their money.

AK481:


Your govt don't provide power supply to run their biz.

bigv:
MTN should calm down o jare.

If NCC knew you couldn't pay the Damn sum. They wouldn't slam that amount on you guys.
#DealWithIt


Pls who regulates Cable Tvs. Dstv needs some slamming too.

guyXander:

NBC regulates cable TV .
Acronym for National Broadcasting Commission

Misterlaby:
I kinda feel pity for mtn but rules are rules and they already knew all that

200k per Sim on an unduly registered Sim on the network..

And since they have 5.1million cases of that...

Do the math

Yello network pay up jor

Salmoneus:


PDP screwed this country up for 9 years and you expect it to be fixed in 6 months?

Misterlaby:
I kinda feel pity for mtn but rules are rules and they already knew all that

200k per Sim on an unduly registered Sim on the network..

And since they have 5.1million cases of that...

Do the math

Yello network pay up jor

[size=14pt]Ramaphosa: MTN must obey Nigerian laws[/size]

Paul Vecchiatto and Mike Cohen | Bloomberg

06:59 05/11/2015



Cape Town - MTN Group [JSE:MTN], Africa’s biggest mobile- phone company that’s facing a $5.2bn fine in Nigeria, must follow the rules in countries where it does business, Deputy President Cyril Ramaphosa said.

“We will obviously be taking note of what is happening with a view of seeing how the company involved responds and reacts in this matter,” Ramaphosa told lawmakers in Cape Town on Wednesday. “We would like our companies to comply with the laws and regulations of countries where they operate, without violating those.”

The comments by Ramaphosa, a former chairperson of MTN, suggest South African authorities may leave MTN to fend for itself as it seeks to have the penalty reduced. MTN shares have slumped 14% since October 26, when Nigeria’s industry regulator imposed the fine for failing to disconnect customers with unregistered phone cards.

The Nigerian Communications Commission has given MTN until November 16 to pay the fine, which relates to the timing of the disconnection of 5.1 million subscribers and is based on a charge of 200 000 naira ($1 005) for each unregistered customer. Nigeria is Johannesburg-based MTN’s biggest market with 62 million clients as of September.

“It does seem like in the case of Nigeria, there were issues, and those issues need to be addressed,” Ramaphosa said.

“If this fine is indeed imposed as it is, it is going to impact on South Africa as well, as our revenue fortunes from a taxation point of view are going to be lower.”

South African authorities may be reluctant to confront their Nigerian counterparts following a series of diplomatic spats that have soured relations between Africa’s two biggest economies. The most recent occurred in April, when Nigeria’s government ordered its two most senior diplomats in South Africa to return home for consultations following a wave of attacks against immigrants, including Nigerians, in Johannesburg and Durban.

“South Africa does not have a track record of defending its national company champions internationally,” Nic Borain, a political analyst who advises BNP Paribas Cadiz Securities, said by phone. “On the face of it, this fine seems seriously over the top. Ramaphosa’s words about the issue seem weak as they veer too much on the side of caution.”

MTN summoned

South Africa’s telecommunication and finance ministries didn’t immediately respond to calls and emails seeking comment.

Lawmakers plan to summon MTN officials to explain why the company was fined, Nkhensani Kubayi, chairperson of Parliament’s telecommunications committee, said by phone from Cape Town. The panel also intends questioning the South African industry regulator to determine whether MTN is compliant with local rules, with hearings likely to take place next year, she said.

“I believe the South African government should be doing more than having a watching brief on what MTN does,” Athol Trollip, a lawmaker for the main opposition Democratic Alliance, said by phone. “They should give leadership on this.”

Horus:

https://www.youtube.com/watch?v=lzCqaffTf5U

[size=15pt]Nigeria's regulatory crackdown on SA companies[/size]

acenazt:
Useless people. Shebi una think say una go forever have una way. Ncc go say make all networks do something mtn go bone like say dem no hear.

14:


That investor would be mad in his mind to come and risk his/her money into the zoo. Lets see who will come with buckets of cash to nigeria. The damage has been done already, to repear it it takes 5yrs to 8yrs. watch the space when you start eating each other fighting for limited resources.

14:


Can the government or any other company run it the way the ran it, mmmhhh. wait for it to collapse with 12 months. Mtn shares expertise and brings it to nigeria.

chuksmad:

you are very wrong in your reasoning. what we are saying is that MTN break the law and they are fully aware of the consequences. So they must pay, there is no sentiment in the rule of land. Get that

olutunde12:



I read jealousy on every letter! You are comparing MTN with Chinese companies? Even the chinese companies, if Nigeria has enough and better jobs for us would any take their jobs. Thousands of families are feeding because of those companies!

davefieldpop:
By the time we finished fining dstv, shoprite and stanbic; we will be able to afford modern rail from Lagos to Abuja, and PH to Kano.
Thats for all the times we have been overpaying for services not rendered.
Typical fleecers!

Acidosis:


MTN will pay for breaking the rule; but the hatred on the thread is not necessary.


Thabo Mbeki raised this issue many years back. South Africa is not an imperialist nation, they are not extorting Nigerians. Rather, Thabo Mbeki called us a consuming nation, we consume everything, and that's the reason we FEEL we are being extorted.

The fact remains that we Nigerians are bitter. We are not requesting the 1Trn because MTN disobeyed the law in the actual sense.

teepain:


Actually PDP screwed the country for 16 years as against the 9 years you mentioned

onyedikachukwue:
Under 6months Apc has turn Nigeria to a joke.
Economic recession
Insecurity(everyday armrobbery,bombing)
The youths touting around.
People loosing their jobs
Investors loosing.
And their are still some gullible ones.

magaliyu:
They should have thought about this when they collaborate with some Nigerians in there shady weapon deal,economic monopoly and emperialism of Dstv and Mtn,thank God startime and globacom are onboard the day of reconning is here.
Sorry no offence,is not protectionism is call self defence.

ireasontight:
and why is it that no nigerian head of state(even when buhari was head of state) have fined these oil exploration companies billions of dollars for spilling oil in Biafra land.,Maaad people

olutunde12:


Instead of being jealous of SA, I think what we need do is tell the dollards in aso rock to do something too. Tell us the name of nigeria's investment in other countries. Why being jealous of SA?

Acidosis:
If MTN, DSTV, Gotv, Stanbic, Shoprite halt all outlets in Nigeria, over 10 million Nigerians would be rendered jobless and useless.



Nigerians should stop destroying people when they have no better alternative. Think about the number of football viewing centres. The number of Chelsea, Arsenal fans that would die of heart attack, the number of Shoprite workers and affiliates that would end up begging on the streets.



We simply can't do anything aside empty noise online. We have more Nigerians living in South Africa than S.As living in Nigeria. Why?

We are just bunch of lousy buffalos who have nothing to offer than extorting monies. Why can't you all go to S.A and make or build another MTN? What stops GLO from investing in S.A? What stops MYTV from investing/extorting in S.A? A clear case of mediocrity!


We need to bury our heads in the saw dust of shame. Shameless citizens.

Nigerians and their love for quick money. Your economy is failing in the midst of over 30 mineral resources and all you all can think about is MTN recharge card money. Same money you all will indirectly pay back to the company.

olutunde12:



It will take a longer time to fix what buhari did to the economy in his six months of inaction than to fix what ever you people claim pdp did. Before Buhari was born has been the adage " A wrong decision is better than non."

Acidosis:


I have no issues with fines and sanctions. MTN has to obey the laws of the land, but why are we over-flogging this issue. We all seem interested in the matter (recharge card money) including the Vice President.

Should we even be waiting for MTN to revive the dying economy? What's the motive behind the fine? To revive the economy? is that not a shameless matter?