MTN Finally Agrees To Pay N1.4TRN Fine For Breaking Rules In Nigeria

Published 3 years ago by: Mister Jay Wonder
[1] 2
at 06:14 AM, 2/11/2015 (3 years ago)

(22527 | Addicted Hero) (m)


MOBILE Telecommunica­tion Network (MTN) has fi­nally agreed to pay the $5.2 billion (N1.4 trillion) fine slammed on it by pleading with Nigerian Communica­tions Commission (NCC) to stagger the payment.

Daily Sun investiga­tion revealed that the last-minute agreement to pay followed series of meeting between MTN manage­ment team from South Af­rica and Nigeria with Vice President, Yemi Osinbajo.

MTN agreed to pay the fine in the interest of its business, but pleaded with the Federal Government for a staggered payment model.

A source from the Presi­dency confirmed the new arrangement and also added that the Federal Government is favourably disposed to the payment schedule, which he said, was part of the agreement reached at series of meet­ing held on Thursday and Friday in Nigeria.

The source, further ex­plained that there have been series of meetings at the State House between Osinbajo and MTN team both from South Africa and the Nigerian arm. The telecommunications firm wanted a waiver consider­ing their level of invest­ments in the country, but government reportedly re­jected the idea.

In spite of widespread calls for the intervention of the Office of the National Security Adviser (NSA) on the N1.4 trillion fine, Femi Falana (SAN) last week, called on the NSA not to intervene in the matter. He insisted that laws of the NCC and that of Nigeria must take their course.

Last week, NCC fined MTN N1.4 trillion for vio­lating its directive on SIM deactivation.


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OOSSYY at 06:25 AM, 2/11/2015 (3 years ago)
(1029 | Gistmaniac) (m)

GOOD FOR THEM
Reply
musleh247 at 06:32 AM, 2/11/2015 (3 years ago)
(1214 | Gistmaniac) Online (m)

Dats very nice
Reply
musleh247 at 06:33 AM, 2/11/2015 (3 years ago)
(1214 | Gistmaniac) Online (m)

I boy see money, anyway dem know how to get am back sharp sharp
Reply
temi_1 at 06:33 AM, 2/11/2015 (3 years ago)
(1212 | Gistmaniac) (f)

Trillion. ..chai
Reply
Trueyarn at 06:47 AM, 2/11/2015 (3 years ago)
(10151 | Hero) (m)

That means now, nah #10 them go dey charge on per second billing.Maga must pay.
Reply
proly at 07:51 AM, 2/11/2015 (3 years ago)
(15585 | Hero) (f)

Hmmmmm
Reply
babyamaka at 07:54 AM, 2/11/2015 (3 years ago)
(32 | Newbie) (f)

Money dey like this? Na wa o
Reply
morgrawl231 at 07:56 AM, 2/11/2015 (3 years ago)
(10500 | Hero) (m)

Pay back time...
Reply
owolaborn at 08:14 AM, 2/11/2015 (3 years ago)
(441 | Upcoming) (m)

good for them, they only know how to charge poor nigerians for what they do not subscribe for
Reply
yemoma at 09:22 AM, 2/11/2015 (3 years ago)
(873 | Upcoming) (m)

Ok nice one.
Reply
pickNsmile at 10:02 AM, 2/11/2015 (3 years ago)
(112 | Upcoming) (f)

Mtn will know no peace till they return the #3,420 they stole from my phone.
Reply
kckeyz at 10:19 AM, 2/11/2015 (3 years ago)
(7 | Newbie) (m)

No wonder them dey deduct my money, time witout numba
Reply
virgineve at 10:33 AM, 2/11/2015 (3 years ago)
(1392 | Gistmaniac) (m)

Thief Thief MTN. I wish they can just ban this South African Company from operating in Nigeria. We should encourage our indigenous telecom companies
Reply
winace at 10:38 AM, 2/11/2015 (3 years ago)
(30559 | Addicted Hero) (f)

They don't have a choice. They have to pay.
Reply
winace at 10:38 AM, 2/11/2015 (3 years ago)
(30559 | Addicted Hero) (f)

They don't have a choice. They have to pay.
Reply
owolaborn at 11:31 AM, 2/11/2015 (3 years ago)
(441 | Upcoming) (m)

please can someone help me beg mtn to stop deducting my 100 box for their yeye mtn music plus
Reply
benny0047 at 12:43 PM, 2/11/2015 (3 years ago)
(639 | Upcoming) (m)

guess who will suffer all this ? the customer which is us
Reply
williams891 at 01:13 PM, 2/11/2015 (3 years ago)
(14 | Newbie) (m)

mtn no dey loose..........
Reply
williams891 at 01:13 PM, 2/11/2015 (3 years ago)
(14 | Newbie) (m)

mtn no dey lus na
Reply
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