fine

N780bn fine: ‘Why N118.8bn was set aside’ – MTN

The management of telecommunications giant, MTN, has explained why it set aside N118.8bn (about $600 million) in its Group Financial results. The company says the action is in line with the Principle of Prudence – which involves the making of plans to cater to unforeseen liabilities. The funds set aside by MTN was widely believed... Read More

fine, MTN, nigeria

February 27, 2016

The Nigerian government is N50bn richer, courtesy of MTN

The Federal Government has confirmed the receipt of N50 billion from telecommunications giant- MTN. The telecoms company had on Wednesday, revealed that it had paid the said amount, as part of the N1.04 trillion fine imposed on it by the Nigerian Communications Commission. In October 2015, NCC had slammed a fine of N1.04 trillion on... Read More

fine, MTN, N50bn, ncc, nigeria

February 25, 2016

Court says Metuh’s ‘fundamental rights’ not violated

Spokesperson of the Peoples Democratic Party, Olisa Metuh has been ordered to pay N20,000 each to six of the defendants in a fundamental rights suit he filed against the federal government. Metuh had approached Justice Abang Okon of the Federal High Court in Abuja, to challenge the grounds of his arrest by the Economic and... Read More

dismiss, fine, high court, legal

MTN fine

February 24, 2016

MTN pays N50 billion to FG, withdraws suit

MTN Nigeria has withdrawn its suit against the Nigerian Communications Commission and paid N50 billion for the resolution of the fine imposed on the telecommunications company. MTN was fined N1.04 trillion in 2015 for failing to deactivate 5.1 million unregistered SIM cards, however, the fine was later reduced to N780 billion after the company entered... Read More

fine, MTN, N50billion, ncc, nigeria

February 3, 2016

MTN hires ex-US attorney general, Eric Holder to challenge $3.9bn fine

MTN group has hired former attorney general of the United States, Eric Holder, to challenge the $3.9 billion fine imposed on the telecommunication giant by the Nigeria Communication Commission (NCC), according to a report by the Financial Times. This is coming two weeks after seeking an out-of-court settlement with the NCC. Holder is alleged to... Read More

fine, MTN, ncc, US attorney general

January 28, 2016

‘Our intention is not to kill MTN’ – FG

Nigerian Communications Commission (NCC) has confirmed that it would soon begin dialogue with MTN for an out-of-court settlement over the N1.04 trillion fine imposed on the telecommunications company for not deactivating 5.1 million unregistered subscribers. The executive vice chairman, Umar Garba Danbatta, during his first world press conference on Wednesday said that the NCC’s lawyers... Read More

court, fine, MTN, ncc

January 21, 2016

‘We have not heard of any fine’ | MTN reacts to Cameroon fine

South Africa’s telecommunications giant, MTN group has responded to the alleged fine slammed on the company by the CONAC in Cameroon. Cameroon’s anti-corruption commission also called CONAC had accused MTN and Orange of failing to pay taxes of about $166 million equivalent of over 100 billion francs. Reacting to the CONAC, MTN group, in a... Read More

Cameroon, fine, MTN, telecommunication

January 21, 2016

MTN fined N32bn in Cameroon [DETAILS]

The woes of telecommunications giant, MTN, may not be abating anytime soon as the Cameroonian anti-corruption agencies have hit the company with a punitive fine for tax evasion. MTN and Orange telecoms have been slammed with over $160 million with its naira equivalent about N32 billion. The reason for the fine, according to Cameroon’s corruption... Read More

communication, fine, MTN, telecoms

December 9, 2015

Why Nigeria reduced MTN’s N1.04 trn fine

The Nigerian Communications Commission (NCC) has revealed the rationale behind the federal government’s decision to reduce the N1.04 trn fine imposed on South African telecommunication giant, MTN. The initial fine imposed on MTN Nigeria for failing to cut off unregistered subscribers was last week, reduced to N780 billion. In defense of the reduction, the commission said... Read More

Featured, The News Blog

fine, MTN, ncc, nigeria, reduced

November 18, 2015

MTN fined N190m in Uganda – Read why

It appears Nigeria isn’t the only country where telecommunications giant, MTN has been found wanting. On November 6, a commercial court in Uganda, presided over by Henry Peter Adonyo, slammed a fine of sh2.3bn (N190 Million) on the multinational telecommunications company- payable to EzeeMoney as damages for sabotaging EzeeMoney mobile money business. EzeeMoney had initially filed... Read More

Business, Corporate, fine, international, legal, MTN

November 9, 2015

MTN CEO resigns over $5.2 billion NCC fine

The Group Chief Executive Officer (CEO) of telecommunications giant, MTN, Sifiso Dabengwa, has resigned. Dabengwa’s resignation comes after the $5.2 billion fine imposed on the company by the Nigerian Communications Commission (NCC). The South African telecommunications company was fined over its failure to cut 5.1 million unregistered subscribers. In a statement issued in Johannesburg on Monday, MTN announced... Read More

CEO, fine, MTN, ncc, Resign

September 23, 2014

@Chrisbamidele: “The sex was great” and other lies girls tell

by Chris Bamidele Girls are so mysterious, most times enigmatic. They have more layers than an onion, and no man, not even the very wise King Solomon was able to figure them out. Girls are just confusing by default. Though many of them strive to be honest, truthful, and forthright; truth is they do not... Read More

@chrisbamidele, chris bamidele, fine, Girls, great, lies, opinion, ynaija

6 easy ways to look like a perfect guy

by Guy Code No medical degree? No firefighting career? No problem! Impressing girls is a lot easier than you might think. Here are six simple ways you can look like a dreamboat on a “dreambike” budget. 1. Get A Dog (Or Borrow One) Girls love cute things so much that... Read More

February 6, 2014

NYSC members almost stripped as Anambra community bans trousers for women

by ‘Jola Sotubo A group of surprised female members of the National Youth Service Corps (NYSC) were almost stripped in an Anambra community which is said to have enacted a law against trousers. The Akwaihedi community in the Nnewi South Local Government Area of the state is said to have a law in force which... Read More

50000, anambra, ban, corpers, fine, Nnewi, nysc, stripped, trousers

January 5, 2014

7 things that ruin a perfectly fine relationship

by Mumbai Mirror It has been a while since the two of you are dating, and you have been waiting for him to propose marriage since the day you met him. Then, you would probably be waiting for the rest of your life. 1. Stop nitpicking This is the first relationship red flag. If you... Read More

Police fined N1 million for assaulting a female student

by Tolu Orekoya Two years after Abigail Ige was beaten by police officers in Ado Ekiti, the High Court has ordered the Nigerian Police Force to pay a N1 million compensation to the victim of the beating. Ige was severely beaten and hospitalised before she was rescued by her school and then reported the incident to the police. The... Read More

assault, compensation, court, fine, judge, Nigerian Police Force, Student

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