FG Extends Nigeria’s N1.04 Trillion Fine

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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? 

2 Comments
  1. Prof Davis says

    Let’s see how the Negotiations turn out

  2. Bomi says

    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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