MTN Wants $5.2bn Fine Slashed By 80% - Politics

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MTN Wants $5.2bn Fine Slashed By 80% - Politics - Nairaland

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SGF Suspension: How Threat To Withhold $1:2bn EU Aid Forced Buhari's Hand / MTN Fine Slashed To $3.4bn, Must Be Paid By Dec. 31, 2015 / MTN Wants $5.2bn Fine Slashed By 80% (2) (3) (4)

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MTN Wants $5.2bn Fine Slashed By 80% by redsconsult(m): 6:46pm On Nov 06, 2015

MTN Group Ltd in South Africa is making some moves to get the $5.2 billion fine imposed by the Nigerian Communications Commission (NCC) reduced by as much as 80 per cent and it is considering borrowing money from banks to help settle the penalty, should its request for fine reduction sail through.

Bloomberg reported that the head of research of Renaissance Capital (RenCap) in Nigeria, Mr. Adesoji Solanke, shared a note with clients on Wednesday, where he said: “MTN is pushing to reduce the fine by 60 per cent to 80 per cent.”

According to Bloomberg, a second lender said: “MTN is considering borrowing from banks, as it recently checked what the banks’ lending capacity to it is.”

It however quoted MTN’s Group spokesman, Chris Maroleng, as saying: “We don’t comment on banking matters, and banking regulators in Nigeria are best placed to provide context on these matters.”

It also quoted the Director of Public Affairs of NCC, Mr. Tony Ojobo, as saying: “I don’t have that information.”

MTN has until November 16, 2015, to pay the penalty, which relates to the timing of the disconnection of 5.1 million subscribers and is based on a charge of N200,000 for each unregistered customer.

Should the telecom giant’s request be granted, the fine may be reduced by as much as $4.16 billion, which represents 80 per cent of the fine. That will leave a balance of $1.04 billion.
Meanwhile, the NCC has confirmed that it had received an apology letter from MTN, asking for leniency over the fine. NCC said it was not in doubt whether MTN would pay the fine, since it has to do with the law, which MTN was part of the signatories.

NCC however said that having received the apology letter, it would proceed to discuss it with the Chief of Staff to President Muhammadu Buhari, where a decision on the matter would be taken.

“We have received the apology letter from MTN, but it is not in our position to take decision on it, since the matter is being handled by the Presidency,” a source from NCC told THISDAY.

In a related development, the South African lawmakers are planning to summon MTN Group Ltd. officials to explain why MTN Nigeria was fined $5.2 billion by Nigeria’s telecoms industry regulator for failing to disconnect customers with unregistered SIM cards.

According to Bloomberg, the Chairwoman of South African Parliament’s telecommunications committee, Nkhensani Kubayi, said on phone from Cape Town yesterday that “the fine is a worrying issue” that demands explanation from MTN Group.

The panel also intends summoning the South African industry regulator to determine whether MTN is compliant with local rules, with hearings likely to take place next year, she said, according to Bloomberg.

Nigeria is Johannesburg-based MTN’s biggest market with 62 million clients as of September this year.

MTN is being advised by some unidentified banks as the company pleads its case with the regulator, according to Solanke. A decision to borrow would be one of financial management rather than an indication of stress, he said

However, MTN shares gained as much as 4.1 per cent and traded 3.5 per cent higher at 160.89 rand yesterday in Johannesburg. The stock is down 27 per cent this year, valuing the company at 297 billion rand ($21.5 billion)
http://businessnews.com.ng/2015/11/06/mtn-wants-5-2bn-fine-slashed-by-80/?wt=4

Re: MTN Wants $5.2bn Fine Slashed By 80% by orlaryhincah(m): 6:55pm On Nov 06, 2015

Lol, Slash or Increased by 80%

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by Obas101(m): 6:56pm On Nov 06, 2015

1 billion dollars still big oo.. bt abeg ncc no gree for their plea

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by dipopooo(m): 6:56pm On Nov 06, 2015

Ttc

Re: MTN Wants $5.2bn Fine Slashed By 80% by Nobody: 6:58pm On Nov 06, 2015

Is that how the slash their tariff? They should pay up jor.

3 Likes

Re: MTN Wants $5.2bn Fine Slashed By 80% by menix(m): 7:05pm On Nov 06, 2015

80% percentage gini

The thunder that will strike anybody that will approve such went to Mecca to stone devil..

MTN fine should be increased for begging..
Useless connection..

5 Likes

Re: MTN Wants $5.2bn Fine Slashed By 80% by dsquare33: 7:08pm On Nov 06, 2015

Awon Onijibiti, they want it slash by 80% they didn't even say 40 or 50%, Let them pay up at least it will add to the dwindling revenue in the country. If only these people know what pains Nigerians go through,MTN and DSTV defrauding Nigerians since time immemorial.

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by BlackrulesDworld(m): 7:11pm On Nov 06, 2015

It simple pay or leave.

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by DonBobes(m): 7:16pm On Nov 06, 2015

menix:
80% percentage gini
The thunder that will strike anybody that will approve such went to Mecca to stone devil..

MTN fine should be increased for begging..
Useless connection..

oh boy u wicked oh. Lwkm
lwkm

3 Likes 1 Share

Re: MTN Wants $5.2bn Fine Slashed By 80% by MinorityTribe: 7:16pm On Nov 06, 2015

Jesus! See MTN o! May Sango strike dead all NCC officials if they reduce that fine.

4 Likes

Re: MTN Wants $5.2bn Fine Slashed By 80% by redsconsult(m): 10:53pm On Nov 06, 2015

countdown to nov 16 for mtn 1.4trilliion naira fine very soon na dstv follow by sabmiller and shoprite.

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by redsconsult(m): 7:13am On Nov 07, 2015

not allowed. mtn go and pay ur fine

Re: MTN Wants $5.2bn Fine Slashed By 80% by Tvegas(m): 7:26am On Nov 07, 2015

Misleading Heading has the fine been slashed or it will be slashed?

Re: MTN Wants $5.2bn Fine Slashed By 80% by Sagamite(m): 8:22am On Nov 07, 2015

orlaryhincah:
Lol, Slash or Increased by 80%

Obas101:
1 billion dollars still big oo.. bt abeg ncc no gree for their plea

firstEVA:
Is that how the slash their tariff? They should pay up jor.

menix:
80% percentage gini
The thunder that will strike anybody that will approve such went to Mecca to stone devil..
MTN fine should be increased for begging..
Useless connection..

dsquare33:
Awon Onijibiti, they want it slash by 80% they didn't even say 40 or 50%, Let them pay up at least it will add to the dwindling revenue in the country. If only these people know what pains Nigerians go through,MTN and DSTV defrauding Nigerians since time immemorial.

BlackrulesDworld:
It simple pay or leave.

MinorityTribe:
Jesus! See MTN o! May Sango strike dead all NCC officials if they reduce that fine.

redsconsult:
countdown to nov 16 for mtn 1.4trilliion naira fine very soon na dstv follow by sabmiller and shoprite.

redsconsult:
not allowed. mtn go and pay ur fine

Fuuktard nation!

Fuuktard people!

Fuuktard youths!

Fuuktard future!

Look at all the cretins talking from their moronic arsse where their brain is located.

Cretins that cannot understand the implications of actions. All they know is "Us vs Them".

Moronic fuuktards!

A country that is currently broke and in dire need of investments to create jobs, in environments where these same cretins don't have jobs or are underemployed, has some fuuktards in NCC helping them to destroy their future.

I have never been so shocked in my life when I heard the news of the fine.

How can fuuktards fine a company about 20% of its total market value?

How can fuuktards fine a company about 75% of its total annual revenue in Nigeria?

How can fuuktards fine a company more than 3 years of its annual profits in Nigeria?

All for an offence that was not even market manipulation?

That is not heard off.

How is that going to be encouraging to foreign countries that want to enter Nigeria?

To these NCC fuuktards, a fine is suppose to completely cripple a company?

This is a company that is one of the largest foreign direct investors in Nigeria helping to diversify the economy. The company that has been the lead case study in showing that the shithole called Nigeria, despite all the bad portrayals it has, is a place you can invest profitable outside of the Oil & Gas sector. If they are being treated like this, how can it encourage others to invest and create jobs?

This fine is going to already lead to thousands of job cuts and more people (previously well paid) on the streets looking for job.

The Nigerian CEO of MTN Nigeria and the Corporate Services Executive are goners for sure. No Doubt! They are going to be sacked after this is settled.

When foreigners don't invest. You will have more Nigerian-owned companies where Baba Salas and products of a failed education system treat people like animals and cannot apply best practice.

Unlike Nigerian banks, do the likes of Stanbic IBTC, Citibank and Standard Chartered send young girls out as ashawos to attract deposit calling them marketers? And the CEOs of these Nigerian banks are calling themselves "Bankers". Awon fuuktards!

Do foreign lecturers behave like Nigerian lecturers? Another example of what happens when you have Nigerians running things unchallenged by foreign competitors.

Fuuktard people!

The directors of NCC need to be sacked ASAP!

The fine should never have exceeded more than 50% of annual profits (EBIT).

GEJ has finished destroying the economy, public sector salaries cannot be paid, the country is broke and yet you are rejoicing that cretins in the NCC are chasing investors away.

5 Likes 2 Shares

Re: MTN Wants $5.2bn Fine Slashed By 80% by MinorityTribe: 8:35am On Nov 07, 2015

Sagamite:

Fuuktard nation!

Fuuktard people!

Fuuktard youths!

Fuuktard future!

Look at all the cretins talking from their moronic arsse where their brain is located.

Cretins that cannot understand the implications of actions. All they know is "Us vs Them".

Moronic fuuktards!

A country that is currently broke and in dire need of investments to create jobs, in environments where these same cretins don't have jobs or are underemployed, has some fuuktards in NCC helping them to destroy their future.

I have never been so shocked in my life when I heard the news of the fine.

How can fuuktards fine a company about 20% of its total market value?

How can fuuktards fine a company about 75% of its total annual revenue in Nigeria?

How can fuuktards fine a company more than 3 years of its annual profits in Nigeria?

All for an offence that was not even market manipulation?

That is not heard off.

How is that going to be encouraging to foreign countries that want to enter Nigeria?

To these NCC fuuktards, a fine is suppose to completely cripple a company?

This is a company that is one of the largest foreign direct investors in Nigeria helping to diversify the economy. The company that has been the lead case study in showing that the shithole called Nigeria, despite all the bad portrayals it has, is a place you can invest profitable outside of the Oil & Gas sector. If they are being treated like this, how can it encourage others to invest and create jobs?

This fine is going to already lead to thousands of job cuts and more people (previously well paid) on the streets looking for job.

The Nigerian CEO of MTN Nigeria and the Corporate Services Executive are goners for sure. No Doubt! They are going to be sacked after this is settled.

When foreigners don't invest. You will have more Nigerian-owned companies where Baba Salas and products of a failed education system treat people like animals and cannot apply best practice.

Unlike Nigerian banks, do the likes of Stanbic IBTC, Citibank and Standard Chartered send young girls out as ashawos to attract deposit calling them marketers? And the CEOs of these Nigerian banks are calling themselves "Bankers". Awon fuuktards!

Do foreign lecturers behave like Nigerian lecturers? Another example of what happens when you have Nigerians running things unchallenged by foreign competitors.

Fuuktard people!

The directors of NCC need to be sacked ASAP!

The fine should never have exceeded more than 50% of annual profits (EBIT).

GEJ has finished destroyed the economy, public sector salaries cannot be paid, the country is broke and yet you are rejoicing that cretins in the NCC are chasing investors away.

You are a morôn. So we should allow them to break our rules compromising our security in the process because we need investors. You are a bastard.

8 Likes 1 Share

Re: MTN Wants $5.2bn Fine Slashed By 80% by Nobody: 9:05am On Nov 07, 2015

Sagamite:

Fuuktard nation!

Fuuktard people!

Fuuktard youths!

Fuuktard future!

Look at all the cretins talking from their moronic arsse where their brain is located.

Cretins that cannot understand the implications of actions. All they know is "Us vs Them".

Moronic fuuktards!

A country that is currently broke and in dire need of investments to create jobs, in environments where these same cretins don't have jobs or are underemployed, has some fuuktards in NCC helping them to destroy their future.

I have never been so shocked in my life when I heard the news of the fine.

How can fuuktards fine a company about 20% of its total market value?

How can fuuktards fine a company about 75% of its total annual revenue in Nigeria?

How can fuuktards fine a company more than 3 years of its annual profits in Nigeria?

All for an offence that was not even market manipulation?

That is not heard off.

How is that going to be encouraging to foreign countries that want to enter Nigeria?

To these NCC fuuktards, a fine is suppose to completely cripple a company?

This is a company that is one of the largest foreign direct investors in Nigeria helping to diversify the economy. The company that has been the lead case study in showing that the shithole called Nigeria, despite all the bad portrayals it has, is a place you can invest profitable outside of the Oil & Gas sector. If they are being treated like this, how can it encourage others to invest and create jobs?

This fine is going to already lead to thousands of job cuts and more people (previously well paid) on the streets looking for job.

The Nigerian CEO of MTN Nigeria and the Corporate Services Executive are goners for sure. No Doubt! They are going to be sacked after this is settled.

When foreigners don't invest. You will have more Nigerian-owned companies where Baba Salas and products of a failed education system treat people like animals and cannot apply best practice.

Unlike Nigerian banks, do the likes of Stanbic IBTC, Citibank and Standard Chartered send young girls out as ashawos to attract deposit calling them marketers? And the CEOs of these Nigerian banks are calling themselves "Bankers". Awon fuuktards!

Do foreign lecturers behave like Nigerian lecturers? Another example of what happens when you have Nigerians running things unchallenged by foreign competitors.

Fuuktard people!

The directors of NCC need to be sacked ASAP!

The fine should never have exceeded more than 50% of annual profits (EBIT).

GEJ has finished destroyed the economy, public sector salaries cannot be paid, the country is broke and yet you are rejoicing that cretins in the NCC are chasing investors away.

oloshi

5 Likes 1 Share

Re: MTN Wants $5.2bn Fine Slashed By 80% by Lanretoye(m): 9:23am On Nov 07, 2015

dem go borrow our money from our banks take pay fine,dem go still pay the loan back with our money...hmmm,Nigeria is on fire.
I beg who dey fine and who dey pay?

Re: MTN Wants $5.2bn Fine Slashed By 80% by redsconsult(m): 9:25am On Nov 07, 2015

Lanretoye:
dem go borrow our money from our banks take pay fine,dem go still pay the loan back with our money...hmmm,Nigeria is on fire.
I beg who dey fine and who dey pay?

i doubt thebank or consortium of banks dat will borrow them such amount with present economic situation in d country

Re: MTN Wants $5.2bn Fine Slashed By 80% by Ovamboland(m): 9:43am On Nov 07, 2015

Sagamite:

Fuuktard nation!

Fuuktard people!

Fuuktard youths!

Fuuktard future!

Look at all the cretins talking from their moronic arsse where their brain is located.

Cretins that cannot understand the implications of actions. All they know is "Us vs Them".

Moronic fuuktards!

A country that is currently broke and in dire need of investments to create jobs, in environments where these same cretins don't have jobs or are underemployed, has some fuuktards in NCC helping them to destroy their future.

I have never been so shocked in my life when I heard the news of the fine.

How can fuuktards fine a company about 20% of its total market value?

How can fuuktards fine a company about 75% of its total annual revenue in Nigeria?

How can fuuktards fine a company more than 3 years of its annual profits in Nigeria?

All for an offence that was not even market manipulation?

That is not heard off.

How is that going to be encouraging to foreign countries that want to enter Nigeria?

To these NCC fuuktards, a fine is suppose to completely cripple a company?

This is a company that is one of the largest foreign direct investors in Nigeria helping to diversify the economy. The company that has been the lead case study in showing that the shithole called Nigeria, despite all the bad portrayals it has, is a place you can invest profitable outside of the Oil & Gas sector. If they are being treated like this, how can it encourage others to invest and create jobs?

This fine is going to already lead to thousands of job cuts and more people (previously well paid) on the streets looking for job.

The Nigerian CEO of MTN Nigeria and the Corporate Services Executive are goners for sure. No Doubt! They are going to be sacked after this is settled.

When foreigners don't invest. You will have more Nigerian-owned companies where Baba Salas and products of a failed education system treat people like animals and cannot apply best practice.

Unlike Nigerian banks, do the likes of Stanbic IBTC, Citibank and Standard Chartered send young girls out as ashawos to attract deposit calling them marketers? And the CEOs of these Nigerian banks are calling themselves "Bankers". Awon fuuktards!

Do foreign lecturers behave like Nigerian lecturers? Another example of what happens when you have Nigerians running things unchallenged by foreign competitors.

Fuuktard people!

The directors of NCC need to be sacked ASAP!

The fine should never have exceeded more than 50% of annual profits (EBIT).

GEJ has finished destroyed the economy, public sector salaries cannot be paid, the country is broke and yet you are rejoicing that cretins in the NCC are chasing investors away.

My brother why are you so uninformed?

Go and check the fines imposed by US authorities to companies convicted of paying bribes in Nigeria inlcuding Siemens, Tecnip, Halliburton.

Tecnip a french company payed to US government 240 million Euro fine for paying bribes to secure NLNG project, the amount is 200% the profits it made over the years it ran the project. And this in not for a crime that has direct security implication to USA.

I can't understand how Nigerians so undervalue ourselves that we are quick to join the side of law breakers.
Many lives have been lost due to MTN's refusal to disconnect those lines, the Falae family and many others had to pay kidnappers to save the life of their patron due to this infraction. Yet some Nigerian defend them for violating our rules, talk of very low self esteem.

Go to South Africa and violate their laws and see how many SA citizens will call for you to freed from paying for your crimes.

4 Likes

Re: MTN Wants $5.2bn Fine Slashed By 80% by Sagamite(m): 11:48am On Nov 07, 2015

MinorityTribe:
You are a morôn. So we should allow them to break our rules compromising our security in the process because we need investors. You are a bastard.

firstEVA:
oloshi

Moronic fuuktards!

Products of a failed education system.

You are so dumb you do not realise I did not say they should not be fined?

Dumb fuuktards!

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by Sagamite(m): 11:55am On Nov 07, 2015

Ovamboland:

My brother why are you so uninformed?

Go and check the fines imposed by US authorities to companies convicted of paying bribes in Nigeria inlcuding Siemens, Tecnip, Halliburton.

Tecnip a french company payed to US government 240 million Euro fine for paying bribes to secure NLNG project, the amount is 200% the profits it made over the years it ran the project. And this in not for a crime that has direct security implication to USA.

I can't understand how Nigerians so undervalue ourselves that we are quick to join the side of law breakers.
Many lives have been lost due to MTN's refusal to disconnect those lines, the Falae family and many others had to pay kidnappers to save the life of their patron due to this infraction. Yet some Nigerian defend them for violating our rules, talk of very low self esteem.

Go to South Africa and violate their laws and see how many SA citizens will call for you to freed from paying for your crimes.

And where did I call them to be freed from paying for their wrongs, fooool?

Please tell me the magnitude of the fine of Siemens, Tecnip & Halliburton relative to their total market value and Nigerian revenues and profits.

You have given part. So Tecnip was punished by taking the profits it made from the specific project? How does that compare to this?

Re: MTN Wants $5.2bn Fine Slashed By 80% by bugzbunny: 12:27pm On Nov 07, 2015

Buhari has an eye on dat money

Re: MTN Wants $5.2bn Fine Slashed By 80% by themilanway(m): 12:32pm On Nov 07, 2015

Sagamite:

Moronic fuuktards!

Products of a failed education system.

You are so dumb you do not realise I did not say they should not be fined?

Dumb fuuktards!

Shut your saliva dripping-smelling-mouth odour up.Useless human being.

You are so learned that you live in a country where any peter or paul can flout any law just because he employed a handful of people to grow his business.

Product of a broken condom

Re: MTN Wants $5.2bn Fine Slashed By 80% by Nobody: 12:39pm On Nov 07, 2015

Sagamite:

Moronic fuuktards!

Products of a failed education system.

You are so dumb you do not realise I did not say they should not be fined?

Dumb fuuktards!

you keep typing moronic fuccktard like a programmed zombie.

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by Rossikk(m): 12:46pm On Nov 07, 2015

Ovamboland:

My brother why are you so uninformed?

Go and check the fines imposed by US authorities to companies convicted of paying bribes in Nigeria inlcuding Siemens, Tecnip, Halliburton.

Tecnip a french company payed to US government 240 million Euro fine for paying bribes to secure NLNG project, the amount is 200% the profits it made over the years it ran the project. And this in not for a crime that has direct security implication to USA.

I can't understand how Nigerians so undervalue ourselves that we are quick to join the side of law breakers.
Many lives have been lost due to MTN's refusal to disconnect those lines, the Falae family and many others had to pay kidnappers to save the life of their patron due to this infraction. Yet some Nigerian defend them for violating our rules, talk of very low self esteem.

Go to South Africa and violate their laws and see how many SA citizens will call for you to freed from paying for your crimes.

Why respond to a certified nutcase? You're wasting your time.

Re: MTN Wants $5.2bn Fine Slashed By 80% by Rossikk(m): 12:48pm On Nov 07, 2015

firstEVA:
you keep typing moronic fuccktard like a programmed zombie.

MK Ultra. He's probably a test patient.

Re: MTN Wants $5.2bn Fine Slashed By 80% by Nobody: 12:58pm On Nov 07, 2015

Rossikk:
MK Ultra. He's probably a test patient.

, he's crazy.

Re: MTN Wants $5.2bn Fine Slashed By 80% by jmoore(m): 1:16pm On Nov 07, 2015

MTN will pay the fine but definitely not $5.2 Billion.

Re: MTN Wants $5.2bn Fine Slashed By 80% by menix(m): 7:34pm On Nov 07, 2015

Sagamite:

Fuuktard nation!

Fuuktard people!

Fuuktard youths!

Fuuktard future!

Look at all the cretins talking from their moronic arsse where their brain is located.

Cretins that cannot understand the implications of actions. All they know is "Us vs Them".

Moronic fuuktards!

A country that is currently broke and in dire need of investments to create jobs, in environments where these same cretins don't have jobs or are underemployed, has some fuuktards in NCC helping them to destroy their future.

I have never been so shocked in my life when I heard the news of the fine.

How can fuuktards fine a company about 20% of its total market value?

How can fuuktards fine a company about 75% of its total annual revenue in Nigeria?

How can fuuktards fine a company more than 3 years of its annual profits in Nigeria?

All for an offence that was not even market manipulation?

That is not heard off.

How is that going to be encouraging to foreign countries that want to enter Nigeria?

To these NCC fuuktards, a fine is suppose to completely cripple a company?

This is a company that is one of the largest foreign direct investors in Nigeria helping to diversify the economy. The company that has been the lead case study in showing that the shithole called Nigeria, despite all the bad portrayals it has, is a place you can invest profitable outside of the Oil & Gas sector. If they are being treated like this, how can it encourage others to invest and create jobs?

This fine is going to already lead to thousands of job cuts and more people (previously well paid) on the streets looking for job.

The Nigerian CEO of MTN Nigeria and the Corporate Services Executive are goners for sure. No Doubt! They are going to be sacked after this is settled.

When foreigners don't invest. You will have more Nigerian-owned companies where Baba Salas and products of a failed education system treat people like animals and cannot apply best practice.

Unlike Nigerian banks, do the likes of Stanbic IBTC, Citibank and Standard Chartered send young girls out as ashawos to attract deposit calling them marketers? And the CEOs of these Nigerian banks are calling themselves "Bankers". Awon fuuktards!

Do foreign lecturers behave like Nigerian lecturers? Another example of what happens when you have Nigerians running things unchallenged by foreign competitors.

Fuuktard people!

The directors of NCC need to be sacked ASAP!

The fine should never have exceeded more than 50% of annual profits (EBIT).

GEJ has finished destroying the economy, public sector salaries cannot be paid, the country is broke and yet you are rejoicing that cretins in the NCC are chasing investors away.

Ur family, folks fuctards

Re: MTN Wants $5.2bn Fine Slashed By 80% by Ovamboland(m): 7:00pm On Nov 09, 2015

Sagamite:

And where did I call them to be freed from paying for their wrongs, fooool?

Please tell me the magnitude of the fine of Siemens, Tecnip & Halliburton relative to their total market value and Nigerian revenues and profits.

You have given part. So Tecnip was punished by taking the profits it made from the specific project? How does that compare to this?

You can read and write yet you think like an illiterate. What has market value got to do with a crime? which law or convention states that a company can't be fined entirety of it's market value? Is there a universal law on fines from country to country? The people getting 2 years jail term maximum for stealing billions in Nigeria will get death penalty in China for the same offence, does that make either verdict invalid?

The gravity of a crime or infraction varies from one jurisdiction to another and it will do you well to educate yourself about the laws governing whatever space you operate in. Was MTN ignorant of the $1000 fine in the NCC rules for each unregistered SIM? Yet they kept 5 million illegal lines connected to be used for nefarious activities. Can the fine at any amount bring back any life lost due to this infraction?

Enron committed infractions in USA that necessitated the complete winding up and disbandment of the company so what are you saying. They probably would have gotten away with what ever they did in another country or pay a token fine if convicted. Even the companies fined heavily for paying bribes in Nigeria are still operating freely and some cases got slap on the wrist using Nigerian laws

Even the SA government intervened by asking SA companies to comply with the laws of the climes where they operate yet some Nigerians with low self-esteem so used to lawlessness are complaining even louder than the accused.

Not even MTN is saying it did the right thing or did not incur the hefty fine, but are only appealing for a review to help their bottom line

1 Like

Re: MTN Wants $5.2bn Fine Slashed By 80% by Sagamite(m): 4:35pm On Nov 10, 2015

themilanway:

Shut your saliva dripping-smelling-mouth odour up.Useless human being.

You are so learned that you live in a country where any peter or paul can flout any law just because he employed a handful of people to grow his business.

Product of a broken condom

You are a cretinous fuuktard!

I live in a country where people have brains and give the right fines. And where the society produces humans that are of higher quality than products of a failed education system like you.

Re: MTN Wants $5.2bn Fine Slashed By 80% by Sagamite(m): 4:37pm On Nov 10, 2015

firstEVA:
you keep typing moronic fuccktard like a programmed zombie.

Fuuktard, I type it because you are a moronic fuuktard!

Rossikk:
Why respond to a certified nutcase? You're wasting your time.

Rossikk:
MK Ultra. He's probably a test patient.

Look at the mentally-ill fuuktard calling someone a "patient". grin

That was strangely funny. grin

menix:

Ur family, folks fuctards

Your entire lineage are moronic fuuktards!

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