Connect with us

FG Extends Nigeria’s N1.04 Trillion Fine

News

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 is a Lawyer, online media aficionado, communications strategist, and entrepreneur in her early 30’s. Her zest and energy to succeed coupled with her very strong interpersonal skills has seen her building her blog from just a passionate hobby to a strong platform for social influence and brand. Today she has expanded to having her own company SMD Media. SMD Media consults for large corporates drawn especially from the Finance, Technology, Advertising and Media, Creative Arts sectors, where her brand has grown significant leverage and contacts. She is also the pioneer Chairperson of the Digital Media Practitioners of Nigeria-DMPN, an Association whose vision is to influence on a larger scale for a greater good to impact lives positively, ensure the standardisation and the continuous enthronement of ethical practises within the digital space . Moji is a lover of the Arts, Fashion and Entertainment with a strong plan to own her own shoe/bag line, record label, Movie production company among other things.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

More in News

To Top