NewsExpress banner Firstbank Verve banner Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Unregistered Phone Lines: House of Reps wants MTN’s fine doubled to $10 billion

By News Express on 30/03/2016

Gmail icon

Views: 1,993


MTN Group should pay double the $5.2bn it was originally fined by Nigeria’s telecommunications regulator last year, according to the spokesman for the West African country’s House of Representatives.

Africa’s biggest wireless operator must pay 400,000 naira ($2,015) for each of the 5.2-million unregistered phone lines it failed to deactivate before a deadline, instead of 200,000 naira, legislator Abdulrazak Namdas said in a phone interview from Abuja, Nigeria’s capital.

He also said the lower chamber would “investigate” why Johannesburg-based MTN had been dealing with Nigeria’s attorney-general instead of the Nigerian Communications Commission in trying to get the fine reduced.

While the penalty was cut to $3.9bn earlier this year, MTN proposed this month to pay $1.5bn in cash and instalments to settle it. MTN’s proposal includes $252m dollars that was paid in February in order to continue negotiations.

MTN spokesman Chris Maroleng said the company would not comment on the Nigerian legislators’ call.

“We note ongoing media reports coming from Nigeria,” Mr Maroleng said. “But we cannot be drawn into commenting on the matter as we are awaiting clarity and an official position from the Nigerian government on the matter.”

He said MTN would guide the market accordingly “when there is more clarity on the matter”.

Shares in MTN, which have declined 38% during the past 12 months, fell 0.2% to R128.43 rand at 9.05am in Johannesburg. (Bloomberg)

Source News Express

Posted 30/03/2016 1:44:28 PM

 

 

CLASSIFIED ADS

 

You may also like...
2019: Arewa Youths dump Buhari, say Nigerians won’t...

Airtel declared Telecoms Company of the Year

Why aging of America poses huge risk to...

APC Crisis: Buhari, Osinbajo set to meet New...

NIMASA shuts oil jetty for non-compliance with ISPS...

MTN’s newest products found wanting

Wike orders prosecution of two APC chieftains for...

U.S. closes Jerusalem consulate

From the horse’s mouth: WHY WE FREED DOKUBO...

Senate moves to investigate refineries

Automatic Ticket: 2 shot, as protest rocks Cross...

Tension in China over Nigerian pastor’s death

 

Latest News Anambra community sacks monarch •Accuses him of truncating peace, high-handedness 6 suspects in Police net for murder, illegal possession of firearms Yari, Shinkafi, Yerima, Emirs to lose farmlands on grazing reserves, cattle routes 2023: How my successor will emerge — Umahi I would rather die than join APC — Fani-Kayode Armed robbers attack hospital, rob patients, staff Atiku, Tinubu meet at airport, hold hands discussing Lagos to test-run Blue line rail December 2020 Osun monarch divorces queen over irreconcilable differences NNPC declares N5.20bn trading surplus in August We will sustain tempo of development in Oyo — Makinde The agenda for new FIRS Chairman, By Danladi Ndayebo

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (573,353 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (457,247 views) Shameless Genevieve Nnaji exposes breasts in public (407,305 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (341,954 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (308,497 views) 10 cars more expensive than Jets (293,385 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (261,675 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (260,982 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (242,398 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (228,804 views) Lagos plane crash: Journalist releases victims’ names (204,481 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,801 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (112) Business & Economy (4,625) Business Verdict (89) Columnists (1,158) Complaints & Requests (98) Enterprise & Opportunities (221) Entertainment (719) Features (857) Global Business Monitor (499) ICT Monitor (73) International (4,328) Interview (220) Live Commentary (30) Love Matters (179) Maggie's Blog (520) News (55,324) Opinion (1,443) Pidgin (18) Politics (11,898) Religion (1,133) Sports (2,258) Stock Watch (41) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera