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Nairaland Forum / Nairaland / General / Business / Court Bars MTN From Moving Funds Abroad (20198 Views)
Senate Blasts MTN For Moving $14bn Out Of Nigeria, Wants Stanbic IBTC Punished / N1.4tn Fine: Court Bars MTN From Moving Funds Abroad / I Make Over 110,000 Bars Of Soap Every Month ( See Pictures) (2) (3) (4)
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Re: Court Bars MTN From Moving Funds Abroad by Gsmooth51: 8:09am On Jan 13, 2016 |
for keeping us in the sun for sim reg. They need fine for that too |
Re: Court Bars MTN From Moving Funds Abroad by brunofarad(m): 8:09am On Jan 13, 2016 |
Ok |
Re: Court Bars MTN From Moving Funds Abroad by free2ryhme: 8:12am On Jan 13, 2016 |
MTN was use wayo. Good one for the law |
Re: Court Bars MTN From Moving Funds Abroad by 4C2215131: 8:13am On Jan 13, 2016 |
I knew the court would come around given the reason why the AGF wanted to restrain their accounts. I felt it was a nice proactive move as MTN would be foolish to retain their funds in the country given the present imbroglio. The federal government via the AGF was just faster. |
Re: Court Bars MTN From Moving Funds Abroad by excel101(m): 8:19am On Jan 13, 2016 |
bamite:. Then how do you explain this "someone stole #500 was slammed with 5yrs imprisonment nd anoda stole #5b was granted pardon"? |
Re: Court Bars MTN From Moving Funds Abroad by excel101(m): 8:21am On Jan 13, 2016 |
bamite:. Its Not about the gains but the weight of the offence ( that the security implication of their action to Nigeria ) |
Re: Court Bars MTN From Moving Funds Abroad by shopandmall(m): 8:22am On Jan 13, 2016 |
bamite: Its not about what they gained. They flouted the law. If they did the same in order countries of operation will they be justified? |
Re: Court Bars MTN From Moving Funds Abroad by AfroKnight: 8:22am On Jan 13, 2016 |
MTN has enjoyed the benefits of corruption. They thought they could continue to bribe their way through. Other Telecom companies obeyed NCC but MTN called their bluff. They even had the guts to sue. The proverbial case of the thief who arrested the owner because he spared the thief No company (indigenous or not) should disregard constituted authority in this manner. 1 Like |
Re: Court Bars MTN From Moving Funds Abroad by skywalker240(m): 8:23am On Jan 13, 2016 |
gozmok1: True talk my brother, happy new year |
Re: Court Bars MTN From Moving Funds Abroad by Code45: 8:30am On Jan 13, 2016 |
This case is something else. |
Re: Court Bars MTN From Moving Funds Abroad by staymore: 8:32am On Jan 13, 2016 |
ril19: MTN can not afford to leave Nigeria. They make unspeakable profit here. |
Re: Court Bars MTN From Moving Funds Abroad by dammytosh: 8:34am On Jan 13, 2016 |
bamite: Apparently you thought the fine came from the blues. There was a regulation and the fine was well defined. I guess they assumed they can always bribe their way out because this is Nigeria. The danger of unregistered lines can not be over emphasized. 1 Like 1 Share |
Re: Court Bars MTN From Moving Funds Abroad by Reptyle(m): 8:43am On Jan 13, 2016 |
ultrazone: Seems to me the Nation Newspaper has reported this piece of news wrongly. If the court said both parties should maintain Status Quo Ante Bellum, it means that the court declined the FG's plea to impose a freeze on MTN's funds. 3 Likes 1 Share |
Re: Court Bars MTN From Moving Funds Abroad by rottennaija(m): 8:46am On Jan 13, 2016 |
bamite: Any serious and honest investor will have to respect and honor the laws of the land and it's agreement in which they are operating. Besides, mtn is one of the worst company investing in Nigeria with total disregard for the laws of the land. I have registered my sim, I even gave the the permission to use my bvn to update my registration but mtn still have the mind of telling me that my sim hasn't been registered |
Re: Court Bars MTN From Moving Funds Abroad by 247notire(m): 8:47am On Jan 13, 2016 |
Mr Seun and Lalasticlala this is a very misleading thread. The court did not in any way bar mtn from moving funds but only said both parties shud maintain status quote until the case which mtn sued FG is heard. Stop misleading people on this site. try to vet news before putting it on fp. 4 Likes |
Re: Court Bars MTN From Moving Funds Abroad by anonym0us: 9:01am On Jan 13, 2016 |
gozmok1: ![]() ![]()
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Re: Court Bars MTN From Moving Funds Abroad by Dav24(m): 9:05am On Jan 13, 2016 |
Mtn should stop buying time and simply pay the fine, can they flout orders willfully as they are doing in other countries and go free? if they like, they can leave after paying. |
Re: Court Bars MTN From Moving Funds Abroad by Thatitan234(m): 9:13am On Jan 13, 2016 |
Ijaya123: Yes the fine is now back to 1.04trn www.punchng.com/n1tn-fine-court-rejects-application-to-seize-mtns-funds/ |
Re: Court Bars MTN From Moving Funds Abroad by missKiffy(f): 9:14am On Jan 13, 2016 |
bamite:Why are we like this, when we let anything and everything goes in this country and wen some people are trying to put things right we cp\complain |
Re: Court Bars MTN From Moving Funds Abroad by bamite(m): 9:27am On Jan 13, 2016 |
missKiffy:Hope u're satisfied when thousands of your fellow nigerians lose their jobs when they decide to close shop. Unreasonable ego is what is disturbing you ![]() |
Re: Court Bars MTN From Moving Funds Abroad by gevans(m): 9:29am On Jan 13, 2016 |
MTN Sha, they shld just settle FG for once na. A Nigerian company cannot do this in SA |
Re: Court Bars MTN From Moving Funds Abroad by gevans(m): 9:33am On Jan 13, 2016 |
bamite: They should settle FG for once, the law must take its course. It is a deliberate attempt |
Re: Court Bars MTN From Moving Funds Abroad by kunle75(m): 9:33am On Jan 13, 2016 |
bamite: Would they have done that in their country of origin? or anywhere else in the world except naija. They should face the music and the only signal it will give is that all intending investors should know its not business as usual |
Re: Court Bars MTN From Moving Funds Abroad by nex(m): 9:37am On Jan 13, 2016 |
bamite: Aside from sending the wrong signal, this is pure madness! Why must MTN be the one to finance the deficit in our Missing Budget Of Yams?! |
Re: Court Bars MTN From Moving Funds Abroad by nex(m): 9:43am On Jan 13, 2016 |
bamite: People need to understand that this fine is DESTRUCTIVE to Nigerians and beneficial only to certain Government officials?! All the fines NCC has been fining GSM companies in Nigeria, what have they done with it that benefitted you and I?! If MTN is forced to pay this outrageous fine, it will be the HIGHEST FINE EVER PAID BY ANY CORPORATE BODY! Up to half of their staff could be sacked, almost all their contractors will be disengaged, their network which direly needs to improve will actually remain the same, or even get worse. Businesses which rely on mobile connectivity and data will suffer. POS and ATM transactions will worsen. ARE YOU PEOPLE NOT LOOKING AT THE BIGGER PICTURE?! 2 Likes |
Re: Court Bars MTN From Moving Funds Abroad by nex(m): 9:48am On Jan 13, 2016 |
247notire: Very misleading thread. I actually posted the accurate information on Nairaland. FG applied to to freeze MTN accounts, but the courts said no! How does this article now convey this?! MTN has always repatriated it's funds, therefore when the court rejects the FG's application to freeze MTN's accounts and maintain status quo, it means MTN should continue to run it's accounts and repatriate its funds. 2 Likes 1 Share |
Re: Court Bars MTN From Moving Funds Abroad by bamite(m): 9:55am On Jan 13, 2016 |
nex:Good to know we still have right thinking people like you. When corrupt politicians are arrested, people will be quick to jump on the streets to protest but when the government takes an anti people action such as this, they begin to claim patriotism. 1 Like |
Re: Court Bars MTN From Moving Funds Abroad by Alore: 9:56am On Jan 13, 2016 |
yomexp: Lies! 1 Like |
Re: Court Bars MTN From Moving Funds Abroad by CioAngels(f): 9:57am On Jan 13, 2016 |
Sorry ke, don't be sorry, mtn is a grade one fraudulent company. |
Re: Court Bars MTN From Moving Funds Abroad by nex(m): 10:01am On Jan 13, 2016 |
THIS IS THE CORRECT STORY! THE SAHARA REPORTERS SORY IS A FRAUD!!! THE NATION'S STORY IS A LIE!!! OBVIOUSLY, THERE ARE HANDS PULLING THE STRINGS FROM ABOVE. Seun, Obinoscopy, Lalasticlala nex: |
Re: Court Bars MTN From Moving Funds Abroad by Chxta(m): 10:05am On Jan 13, 2016 |
Re: Court Bars MTN From Moving Funds Abroad by yomexp(m): 10:18am On Jan 13, 2016 |
Alore:I know you are a slowpoke. Here is the link to his profile http://sunnewsonline.com/new/mtn-gets-first-nigerian-ceo/ |
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