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Double Wahala:MTN Hit With Fresh $620, 000 Fine In Uganda

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Double Wahala:MTN Hit With Fresh $620, 000 Fine In Uganda

These are certainly not the best of times for telecoms giant MTN.

While the company is still struggling to pay the N1.04 trillion fine levied on it the Nigerian Government, a commercial court has ordered  MTN Uganda to pay the sum of Shs 2.3 billion (about $662,000) in damages to EzeeMoney Limited for sabotaging its business.

The presiding  judge on November 6, 2015 also ordered MTN to stop acting in an unlawful and anti-competitive manner, which denies other businesses an opportunity to prosper.

Justice Adonyo said MTN should pay Shs 800 million to EzeeMoney in general damages for loss of business. It should also pay a penalty of Shs 1.5 billion in punitive damages to deter not only MTN but also warn other companies against uncompetitive business tactics, reported NAN/Reuters in a joint report on Wednesday.

MTN pele o.

Moji Delano is a Lawyer turned Blogger, Entrepreneur, Digital Media Strategist/expert. For news as it breaks: BBMpin1: 7AFE1932, (NEWS UPDATES,BUSINESS, BLOG INQUIRIES AND TIP-OFFS ONLY) BBMpin2 : D3E76039 (NEWS UPDATES,BUSINESS, BLOG INQUIRIES AND TIP-OFFS ONLY) Breaking news hotline : 08093005118, 08040003887(enquiries and tip offs only)

3 Comments

3 Comments

  1. Lionheart

    November 19, 2015 at 4:47 pm

    Na them sabi, any business organisation that is keen on exploiting its costumers will end up in this kind of mess eMpTyN finds itself. Thank God I’m no longer enslave to them.

  2. Bomi

    November 19, 2015 at 6:05 pm

    This too shall pass…

  3. Dr. Bm.

    November 20, 2015 at 6:07 am

    From another angle, they wanna run this company down!

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