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FG Extends Nigeria’s N1.04 Trillion Fine

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FG Extends Nigeria’s N1.04 Trillion Fine

 

In a new turn of events, the  Federal government has stated that it will not enforce a N1.04 trillion fine imposed on South Africa’s MTN until negotiations have been concluded.

The FG through the Nigerian Communications Commission had slammed the trillion naira fine on the company for failing to disconnect 5.2 million unregistered SIM cards.

Today November 16 was the initial deadline for payment of the fine.

According to MTN, they were still in negotiations with the Federal Govt.

What do you guys think of the fine and FG’s leniency? 

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)

2 Comments

2 Comments

  1. Prof Davis

    November 16, 2015 at 12:56 pm

    Let’s see how the Negotiations turn out

  2. Bomi

    November 16, 2015 at 7:16 pm

    I think it’s a good idea, cos if they push MTN too hard, it’s the customers/workers that’s going to suffer the consequences. They need to create means and ways MTN is gonna pay in installment, that fine can’t be paid at once, it may bankrupt their business in the country, which means a lot of workers will be laid off.
    This way everyone gets what they want, it’s win win for everyone. Though their negligence get them in this mess, but I think the Government should temper justice with mercy, and show some leniency on MTN. They should consider what they’ve done to help the economy in the past, if they can’t reduce the fine, at least give them time to pay up, not all this rush rush method.

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