Obviously there is a bigger hidden agenda somewhere behind all these. Sahara reporters - those guys should beware o. Who really get to enjoy, despite the taxes MTN has paid and all the poor regulation NCC has regulated.

nex:

THIS IS THE CORRECT STORY! THE SAHARA REPORTERS SORY IS A FRAUD!!!

Seun, Obinoscopy, Lalasticlala

bamite:
But this is sending a very wrong signal to foreign investors. How much did mtn gain from the unregistered sims compared to the outrageous fine being slammed on them?

American govt do slams on any defaults company more than this, okay.
With these other companies irrespective of their fields will render good and quality services to people of Nigeria.

I hate this network. Mtn are criminals

bamite:
But this is sending a very wrong signal to foreign investors. How much did mtn gain from the unregistered sims compared to the outrageous fine being slammed on them?

av u hrd d sayin the stubborn fly follows the dead body to the grave. That's wat mtn is facing now cos they were not the only one fined others paid but they refused cos of the backing they enjoy

bamite:
But this is sending a very wrong signal to foreign investors. How much did mtn gain from the unregistered sims compared to the outrageous fine being slammed on them?

Foreign investor come from foreign land and u can't try that in their country, u have to oblige by their rule in their country or face sanction, so they shouldn't try it here with us

MTN is just taking Nigeria for granted.

It's proper for them to challenge the order in Court probably for reduction in the figure, but I thought they shouldnt have allowed it get to this stage.


This is negligence on their part.

The lawyers advising MTN are scammers, they will rip them of money and they will still pay the fine, MTN miscalculated by going to the courts, this govt has its way around the courts and mtn won't be an exception.

Chxta:
Guardian and Channels both say that this story is not true.

What is happening here?

It seems the same Government which has said the Press should investigate properly in order to tell the people the truth, also has agencies which are using the same Press to tell lies!


All in a bid to balance it's budget with this MTN fine, our government has entered "roforofo" fight.

CharlyNick:
MTN is just taking Nigeria for granted.

It's proper for them to challenge the order in Court probably for reduction in the figure, but I thought they shouldnt have allowed it get to this stage.


This is negligence on their part.

They have already challenged it in court. It is the Federal Government that is now attempting to freeze their account.


MTN has always repartiated its profits abroad. This was what Government agreed to allow them do. Now the same Government wants to go around flouting the same agreement.

Registration of citizens is more of the Federal Govt's responsibility.

In sane societies government registers its citizens and issue a unique identification number to them like the social security number in America, they don't rely on private companies for that.

All MTN should have had to do is to ensure all numbers have their national identification numbers appended.

FG has awarded several contracts for identification that have not yielded any fruit with several billions of tax payers money down the drain. Even NCC collected 6 billion taxpayers money for registration and didn't have anything to show for it.

I don't thinks it's fair to hang security challenges on a private company like MTN and slam such an outrageous fine on them, when government failed in its own responsibility of having record of all its citizens

dammytosh:

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.

Should unregistered lines be over emphasized than #Dasukigate, Corruption of our Service chiefs and leaders. I guess not.

There is corruption in the land no doubt. An irresponsible father would not kill his child because he wants to correct the child. The fine is as high as the revenue you want as a Nation. That is way too high.

wolexf:
Registration of citizens is more of the Federal Govt's responsibility.
In sane societies government registers its citizens and issue a unique identification number to them like the social security number in America, they don't rely on private companies for that.
All MTN should have had to do is to ensure all numbers have their national identification numbers appended.
FG has awarded several contracts for identification that have not yielded any fruit with several billions of tax payers money down the drain. Even NCC collected 6 billion taxpayers money for registration and didn't have anything to show for it.
I don't thinks it's fair to hang security challenges on a private company like MTN and slam such an outrageous fine on them, when government failed in its own responsibility of having record of all its citizens

You surely understand what ought to have been done in a sane society. It is completely an irresponsible action and negligence of responsibility from the part of government to outsource the national identification of its citizens to companies outside Federal Govt's parastatals.

The banks and Telecommunication companies should be the ones linking up to our National Identification Security Numbers database not our government doing vice versa. But in the past they have done it several times and corrupt leaders have messed it up and no fine or arrest was done.

nworanco:

American govt do slams on any defaults company more than this, okay.
With these other companies irrespective of their fields will render good and quality services to people of Nigeria.

Don't argue without facts. No Company in the world has been fined at this ridiculous rate before. When a company is fined at a high rate the Government spreads the fine unlike NCC demanding payment within a month.

February 2015
Qualcomm was fined $975million
Qualcomm revenue is $25billion
% Of fine to revenue is 4%
Payment period more than 1yr

November 2012
BP was fined $20billion
BP revenue is $250billion
% Of fine to revenue is 8%
Payment period 18yrs

2013
Hyundai Motors fined $300million
Hyundai revenue $210billion
% Of fine to revenue is 0.14%

2015
MTN Nigeria fined $3.92billion
MTN Nigeria revenue $4.9billion
% Of fine to revenue is 78%
Payment period 1month

kcplay:


Should unregistered lines be over emphasized than #Dasukigate, Corruption of our Service chiefs and leaders. I guess not.

There is corruption in the land no doubt. An irresponsible father would not kill his child because he wants to correct the child. The fine is as high as the revenue you want as a Nation. That is way too high.

You are not getting it. The amount on the fine has been SET a long time before MTN were caught culpable.

MTN is aware of the rules and regulation so why shift goal post ?

Leave that 'killing of child' proverb for LAWMA.

kcplay:


Don't argue without facts. No Company in the world has been fined at this ridiculous rate before. When a company is fined at a high rate the Government spreads the fine unlike NCC demanding payment within a month.

February 2015
Qualcomm was fined $975million
Qualcomm revenue is $25billion
% Of fine to revenue is 4%
Payment period more than 1yr

November 2012
BP was fined $20billion
BP revenue is $250billion
% Of fine to revenue is 8%
Payment period 18yrs

2013
Hyundai Motors fined $300million
Hyundai revenue $210billion
% Of fine to revenue is 0.14%

2015
MTN Nigeria fined $3.92billion
MTN Nigeria revenue $4.9billion
% Of fine to revenue is 78%
Payment period 1month

Probably no company in the world knew the fine per breach and still went ahead and went that far !

The fine was not conjured by NCC. It is a standing RULE and REGULATION.

Per unregistered line, you pay x amount. So if MTN folded their arms and waited for unregistered line to be that much, that is their business.

APCsupporter:


Man, our security is more important than that and MTN is not better than other networks that obeyed the order. Mtn takes this country for granted

It is not MTN who took this country for granted. #DASUKIGATE shows the world our we don't love each other as a country.

Only foreign investor with the intention of impunity will be scared by this kind MTN fine. The fine is a way to tell all serious investors that if they must do business in Nigeria, the right things must be done always & not anything goes as it used to be. If it were before they will just bribe certain judges with as little as 20-50billion and case will be close. Abeg MTN pay your fine cos Nigeria need all the money she can get. God bless Nigeria!!!

bamite:
But this is sending a very wrong signal to foreign investors. How much did mtn gain from the unregistered sims compared to the outrageous fine being slammed on them?

dammytosh:

Probably no company in the world knew the fine per breach and still went ahead and went that far !
The fine was not conjured by NCC. It is a standing RULE and REGULATION.
Per unregistered line, you pay x amount. So if MTN folded their arms and waited for unregistered line to be that much, that is their business.

That is why in business. You have the right to go to court. If you remember few years ago. FRSC gave an ultimatum to car owners to change their license plates or their cars will be forfeited. It was an individual who took FRSC to court and he won. So even if you tell me to pay x amount, I have the right to challenge that amount in court.

kcplay:


That is why in business. You have the right to go to court. If you remember few years ago. FRSC gave an ultimatum to car owners to change their license plates or their cars will be forfeited. It was an individual who took FRSC to court and he won. So even if you tell me to pay x amount, I have the right to challenge that amount in court.

That is a different case and besides, you will challenge the amount before breaching not after breaching.

That is what we are saying.

Immediately NCC inserted the fine, they should have gone to court to say , this is not reasonable given xyz.

That man did not wait for months after implementation of the LAW, police arrested him and he went to court.

He went right away.

Reptyle:


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.

Hahahaha! I am laughing so hard at the intelligent Nigerians that cannot comprehend a simple sentence. They are celebrating MTN's victory stupidly thinking its their FG's victory. To think that even a nation wide news paper interpreted this wrongly, is a major embarrassment. Coupled with the fact that Majority of Nairalanders are dumb as door knobs says a ton about Nigeria. # FACT!

247notire:
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.

That's what hate, envy and jealousy does! It makes people blind to facts.

nworanco:


American govt do slams on any defaults company more than this, okay.
With these other companies irrespective of their fields will render good and quality services to people of Nigeria.

THERE IS NO COUNTRY IN THE HISTORY OF HUMANITY THAT HAS EVER PAID A FINE UP TO $5.2 BILLION!!!! NEVER! NEVER EVER!!!


You can't just fetch fantastic figures out of thin air and slam them on private organizations all in the name of regulations. Fines are meant to be corrective, not destructive. MTN doesn't make up to $5.2 billion (N1 trillion) in a year!

OohLalah:



That's what hate, envy and jealousy does! It makes people blind to facts.

Lol...it makes people not to be objective.

kcplay:


Lol...it makes people not to be objective.

Lol! Unbelievable at worst!

ziccoit:


If you really understood the rots in our system; you would not type the above. Nigeria is probably only country on the planet where anything goes. Everyone is doing what he likes with total disregard for law, rules and order. What MTN did that attracted the fine would have been enough to ban them from further provision of services and businesses in a saner society. MTN compromised our security and didn't desist despite several warnings. We don't want investors that will not obey their host laws, rules and regulations. Those who would start doing what they dear not in their country.

U expect Mtn to obey while FG has been disobeying court orders. Set a good example and see people follow

yomexp:
I know you are a slowpoke. Here is the link to his profile http://sunnewsonline.com/new/mtn-gets-first-nigerian-ceo/

Does having "a stint in NCC" means being a Director in NCC to you, oh wise one? You think a Director in NCC will come to MTN to be offered a Regulatory Advisor position? He worked in NCC but not one of the Directors.

247notire:
Lol. If uve got the balls put up ur pic here biatch. Attention seeker I got some work to do... Meanwhile ur ban is on the way...

Ban for what you fagg? You go around insulting people for no reason and when they turn the tables on you, you run to report? Never ever try you madness on me again. Looser!

nex:




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?!

Stop misleading people, atms and pos are run by banks and interswitch. there are competent firms in nigeria that will replace mtn if they ship out, they brought this fine upon themselves out of their own treachery which backfired spectacularly. Every SA and foreign business forums backed NCC and condemned mtn. For once we are right here and i will even support flouting court orders to backslap them to Zululand.

nex:




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?!

What a load of crap!! When will Nigerians start thinking like intelligent humans?!