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Friday 4 March 2016

MTN Communications sets aside $600m to settle dispute with Nigerian govt

South African Mobile Telecommunications company MTN say they have set aside $600m to settle its dispute with the Nigerian government. The company announced on Thursday a surprise 5.2 percent increase in its dividend to 1,310 cents per share, posting a 50 percent drop in Annual profits and said while it has had a challenging year, it has set aside $600m to pay the Federal government after the company was issued a $3.9b fine for not ending sim card registration at the Nigerian Communications Commission stipulated time.

Last week MTN made a 'good faith payment' of $250m towards reaching an amicable settlement after the telecommunications giant withdrew a court case challenging the FG's $3.9b fine.
at 3/04/2016 10:58:00 am

29 comments:

  1. Unknown4 March 2016 at 10:59

    Scammers

    ReplyDelete
    Replies
    1. CHERYL (aka FROM GLORY to GLORY)4 March 2016 at 17:10

      Why won't they? They must have used this time to silently steal our credit so as to get the money to pay the Nigerian govt. At the end of the day, MTN users nationwide obviously paid the debt!

      Delete
  2. AbokiDaWarriBoy4 March 2016 at 11:00

    Their wahala!

    ReplyDelete
  3. Unknown4 March 2016 at 11:00

    Good for them

    ReplyDelete
  4. Afrilix Movie Streaming4 March 2016 at 11:00

    Watch and download new movies on www.afrilix.com

    ReplyDelete
  5. Unknown4 March 2016 at 11:00

    Good move. I ho they settle everything amicably.









    LIB ADDICT#just passing#

    ReplyDelete
  6. Unknown4 March 2016 at 11:02

    War on south Africa companies no Nigeria.... DSTV is still battling their own... Shopright sef still have their own issues with lagos state government.....







    ....... Liber maniac.....

    ReplyDelete
  7. Babylawyer.4 March 2016 at 11:02

    I wish they can bill them more for all my credit stolen unused. Lol

    @Lindaikeji No. I FAN

    ReplyDelete
  8. Unknown4 March 2016 at 11:02

    They should also work on their tarrif...Their data plans are quite high, with limited period of time, especially for Android tech

    ReplyDelete
  9. NaijaDeltaBabe4 March 2016 at 11:03

    O necessary


    ...merited happiness

    ReplyDelete
  10. Unknown4 March 2016 at 11:05

    Better! Linda take note!

    ReplyDelete
  11. Unknown4 March 2016 at 11:09

    They even have the effontery to sue the govt despite making huge profit from the same govt that allows them to operate. I hope they will pay all the fine and not reduce it to paltry 600 million $.

    ReplyDelete
  12. Adaobi4 March 2016 at 11:10

    *Wipes eyes* never thought this day will come. Mtn the giant thieves getting to pay a fine feels so good. Multi choice is next!

    ReplyDelete
  13. Unknown4 March 2016 at 11:11

    Hmmm nice one for that mtn.
    Terrorist buhari don see money he can now travel again this one will be in Yemen,iraq or Iran or moon shameless useless brain dead president who can't define what corruption means.
    All hausas is a big disaster to human race.













    #sad indeed

    ReplyDelete
  14. Unknown4 March 2016 at 11:15

    That ain't no small money even wt the $600m

    ReplyDelete
  15. Unknown4 March 2016 at 11:33

    Akukalia, spilling the money

    ReplyDelete
  16. Victor Kachi4 March 2016 at 11:35

    This is too much.
    .
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    ReplyDelete
  17. Unknown4 March 2016 at 12:05

    Okay seen!#Lindangwanu#

    ReplyDelete
  18. LIB PIKIN4 March 2016 at 12:47

    And the masses are gonna pay for it! Kaii nawa ooo

    ReplyDelete
  19. Nkemy4 March 2016 at 12:57

    MTN tres riche

    ReplyDelete
  20. Ele Blessing4 March 2016 at 12:58

    Ok seen

    ReplyDelete
  21. Unknown4 March 2016 at 13:31

    very good
    -D great anonymous now as Vivian Reginalds

    ReplyDelete
  22. Anonymous4 March 2016 at 15:04

    This is the beginning of good terms, not to mention that MTN wants to list on the nigerian stock exchange ; meaning Nigerians get to be stake holders. Awesome!

    ReplyDelete
  23. Anonymous4 March 2016 at 16:23

    Thats not our money. Am sure Jonathan, Dasuki and Alison madueke must be having a watery mouth by now

    ReplyDelete
  24. Chinedu4 March 2016 at 17:55

    And they re punishing their customers for that??? Overcharging per seconds calls these days

    ReplyDelete
  25. Unknown4 March 2016 at 18:23

    Gud for dem..


    #FINEST

    ReplyDelete
  26. I dey Vex!5 March 2016 at 00:10

    That's good. Did they say anything about compensating the 63 ex-pioneer staff who they unjustly and without due process fired on 17th November 2009 and who have been in court till date? It was gathered that these MTN ex-staff earlier went to the Nigerian House of Representatives' Committee on Public Petitions in 2012-2013 and the HOR through an Order Paper instructed MTN to re-instate and compensate them but the "Big-Boy" company ignored the Order - meaning they ignored the Nigerian government. Seriously Linda, you need to look into that case... You may call or mail me for details... Ak

    ReplyDelete
  27. I dey Vex!5 March 2016 at 00:17

    That's good. Did they say anything about compensating the 63 ex-pioneer staff who they unjustly and without due process fired on 17th November 2009 and who have been in court till date? It was gathered that these MTN ex-staff earlier went to the Nigerian House of Representatives' Committee on Public Petitions in 2012-2013 and the HOR through an Order Paper instructed MTN to re-instate and compensate them but the "Big-Boy" company ignored the Order - meaning they ignored the Nigerian government. Seriously Linda, you need to look into that case... You may call or mail me for details... I dey vex!

    ReplyDelete

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

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