Alleged MTN’s repatriated $13.9bn can bring Nigeria out of recession – Saraki

Alleged MTN’s repatriated $13.9bn can bring Nigeria out of recession – Saraki

Senate President, Bukola Saraki on Thursday said the $13.9bn allegedly laundered by MTN can pull Nigeria out of recession. Saraki who was represented by the Majority Whip of the Senate, Olusola Adeyeye said this while opening the legislative hearing on the alleged repatriation of the funds by MTN. Senator Dino Melaye had alleged that MTN alongside some commercial... Read More

Commercial banks, MTN, recession, repatriated $13.9bn, senate

October 19, 2016

Alleged money laundering: Senate seeks service of foreign experts to probe MTN

The Senate has hired international forensic lawyers, accountants and other experts to investigate the alleged repatriation of $13.9 billion by Telecoms company, MTN. This was revealed by the chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Rufai Ibrahim while speaking to journalists in Abuja. “The Senate sees this as very important, it is... Read More

foreign experts, money laundering, MTN, Repatriation, senate

September 30, 2016

Opinion: 10 reasons why there has to be Project Fame Season 10

by Oluwafemi Oguntamu As it is with everything good, the end of every Project Fame season leaves one with mixed feelings. The feeling of joy for having watched talented individuals blossom into superstars, and then that not so good feeling because you have to wait till at least 10 months to get into the groove that... Read More

MTN, Music, Project Fame, Season 10

September 29, 2016

The Thread: Will Dino Melaye’s allegation against MTN ever catch fire?

Nigeria has been hit hard by recession and in these desperate economic times, every kobo counts. It is the reason Dino Melaye cited for going after MTN for allegedly making illegal transfers to the tune of $12 billion dollars out of Nigeria over a 10 year period. Senator Melaye put forth this allegation to the... Read More

CBN, dino melaye, Forex Monitoring Act, MTN, nigerian senate

September 28, 2016

Alleged $12.92b laundering: Senate’s claim unfounded, without merit – MTN

Telecommunications giant, MTN on Wednesday described as “unfounded” and “baseless” allegations that it illegally moved $12.92 billion out of Nigeria between 2006 and 2016. MTN Nigeria CEO, Ferdi Moolman said debunked the claims. He said, “MTN’s attention has been drawn to various media reports containing allegations of improper repatriation of money out of Nigeria by the company.... Read More

$12.92bn laundering, dino melaye, MTN, senate, Trade Minister

September 27, 2016

Trade minister helped MTN launder $13.92bn out of Nigeria – Dino Melaye

Senator Dino Melaye on Tuesday said the Minister of Trade, Industry and Investment, Okechukwu Enelamah connived with MTN to smuggle $13.92 billion out of Nigeria between 2006 and 2016. While speaking at the Senate plenary, Melaye also read out the names of other accomplices in the act. “The senate notes with serious concern the repatriation... Read More

launder $13.92bn, MTN, Okechukwu Enelamah, smuggle, Trade Minister

September 24, 2016

$12 billion; N441 million… | The 5 numbers that mattered this week

$12 billion – The amount allegedly smuggled out of Nigeria by telecoms company MTN between 2006 and 2016. This is according to Sen. Dino Melaye. 2 million – The number of people freed by the military from members of the Boko Haram Islamic sect. N441 million – The amount received by Kano Pillars football club following striker, Ahmed Musa’s move... Read More

Ahmed Musa, dino melaye, dressing, EFCC, football, lasu, MTN, nigeria, numbers that mattered, Patience Jonathan, telecoms

September 23, 2016

Cheta Nwanze: Our National Assembly are mad

First, a disclaimer. This is a rant. It is not a superbly constructed whatever that you can reference in an academic discourse. I am pissed. I got more pissed when I saw pictures of some members of the House of Reps with scarves around their necks printed “Dogara”. I got most pissed when I read... Read More

dino melaye, Dogara, FGN, MTN, national assembly, nigerian senate, recession, Sola Adeyeye

September 23, 2016

N1.4tr fine: We didn’t give any govt official bribe – MTN

Telecommunications giant, MTN on Friday said it did not bribe any government official for the reduction of the N1.04 trillion fine slammed on the company by the Federal Government. The Chief Executive Officer of MTN, Ferdi Moolman in a statement said reports going around that it paid N500 million to get the fine reduced are not true.... Read More

330 billion naira, bribe, fine, MTN, N500 million

September 21, 2016

Opinion: On GSM tax, Pres. Buhari has pushed his luck too far

by Adekoya Boladale A recent investigative report by Economic Confidential puts the total annual remuneration of President Buhari and his cabinet at N2.295billion. In the extensive report, President Buhari and his vice-president, Professor Yemi Osinbajo enjoy a hardship allowance pegged at 50 percent of their annual basic salaries. This is less the 250 percent Constituency,... Read More

Airtel, etisalat, Glo, GSM tax, MTN, NITEL, president buhari, telecoms

September 19, 2016

9 reasons MTN’s Project Fame West Africa should end at Season 9

9 years ago Project Fame by MTN was brought to local screens across West Africa and what a show it was that year. Everything was perfect, from the sensational hosts, Dare Art-Alade and screen goddess Funlola Aifoyebi-Raimi (FAR) to the prizes! Safe to say the show was ‘lit’ even before ‘lit’ became a thing. It was... Read More

MTN, Project Fame, talent shows

August 8, 2016

MTN escapes bankruptcy as FG reduces fine

Telecommunications giants, MTN has been reported to have escaped bankruptcy after President Muhammadu Buhari reduced the fine imposed on the South African company for failing to disconnect mobile lines not registered by the firm. This was revealed by the Minister of Communication, AbdulRaheem Shittu, in a chat with The Guardian. Shittu said the strict enforcement... Read More

cheating customers, Chief Marketing Officer MTN, fine, Minister of communication, MTN, president buhari, telecommunication comapanies, unsolicited messages

August 2, 2016

Entertainment Roundup: D’banj ditches GLO for MTN? | Rita Dominic walks right into cyber attack | More Stories

Here are some stories from yesterday and others that unraveled while you slept – and are now buzzing this morning in today’s Entertainment Roundup. D’banj joins MTN? On Monday morning, the NET reported that D’banj had ‘signed a deal’ with another telecoms giant, MTN. It went further to reveal the company and the singer’s music... Read More

D'banj, endorsement, Glo, Koffi Olomide, MTN, rita dominic, Tonto Dikeh-Churchill

June 27, 2016

MTN fine: Lawmaker won’t let it go, drags two ministers to court

A member of the House of Representatives, Raphael Igbokwe, has filed a suit against the Attorney General of the Federation (AGF) Abubakar Malami and the Minister of Communication Technology, Adebayo Shittu, over the reduction of the fine imposed on telecommunication giant, MTN. The executive arm of government had reduced the fine meant to be paid by MTN from... Read More

curt, fine, Igbokwe, Malami, MTN, NASS, ncc, Rep

June 21, 2016

2 Ministers snub Senate summon over reduction of MTN fine

The Minister of Communications Technology, Adebayo Shittu and the Minister of Justice and Attorney-General of the Federation, Abubakar Malami have once again ignored the request of the Senate Committee on Communications led by Saheed Fijabi to appear before it to explain the monumental reduction of the fine imposed on telecoms giant, MTN. The Senate committee... Read More

commerce, Communications, Fijabi, Malami, MTN, senate, Shittu

June 20, 2016

The late 5: These are the stories that drove the conversation today

These are the top five stories that drove the conversation today. 1. Saraki, Ekweremadu to appear in court tomorrow Senate President Bukola Saraki and his Deputy, Ike Ekweremadu, will on Tuesday appear before an Abuja federal court to answer allegation of forgery. 2. Investors lose ‘N46bn in a few hours’ in Stock Market Following... Read More

CEO, Edo state, MTN, NARD, PDP, Stock market, strike

June 20, 2016

The Big 5: These are the stories you should be monitoring today

Here are the top five stories to monitor today 1) President Buhari returns to the country After 13 days in London, President Muhammadu Buhari has returned to the country, hale and hearty. What would be his next course of action? 2) Militants relocating to Ogun state Niger Delta militants are said to be... Read More

FG, fine, Militants, MTN, PENGASSAN, Shey Shay, starike, strike, wizkid

June 20, 2016

This is (the real reason) why FG reduced MTN’s fine

The Minister of Communications, Adebayo Shittu has revealed the reason why the Federal Government decided to slash the N1.04 trillion fine slammed on telecom giant, MTN to N330 billion. Adebayo revealed this at an award ceremony in Ibadan to honour of Lekan Balogun, the Otun Olubadan of Ibadanland. He said the fine was reduced when... Read More

adebayo, Airtel, Communications, giants, Glo, Ibadan, MTN, Shittu, south africa

June 13, 2016

Sam Omatseye: Go forth and give

by Sam Omatseye Three men have shown us the different shades of love. One shows it genuinely, the other as a show man and the third in dubious colour. I am referring to Aliko Dangote, Africa’s richest man; Mohammed Ndinmi, Africa’s 39th richest person; and Ali Modu Sheriff, the most prominent African politician whose image... Read More

adamawa, Ali Modu Sheriff, aliko dangote, boko haram, Borno, Chris Ngige, IDP, Kashim Shettima, MTN, ncc, Sam Omatseye, yobe

June 11, 2016

House of Reps to FG: ‘We oppose fine reduction for MTN’

The House of Representative, on Friday, rejected the offer by MTN to return $1.7 billion out of $3.9 billion that it was fined by the Nigerian Communications Commission. Reacting to the news of the fine reduction, the chairman, House Committee on Telecommunications, Saheed Fijabi, said that the reduction came as a shock to the legislators.... Read More

fine, House of Rep, Minister of Comm, MTN, N1 billion, ncc, reject

June 10, 2016

MTN to apologise to FG, pay fine in 6 tranches… [DETAILS]

The 6 months spent negotiating with the Federal Government has finally paid off for telecoms giant, MTN as the N1.04 trillion fine imposed on the company by the Nigerian Communications Commission (NCC) has been reduced to N330 billion. The N330 billion to be paid however, includes the “goodwill” payment of N50 billion which MTN made to... Read More

Communications, economy, fine, Glo, MTN, naira, ncc, phones, telecom

June 10, 2016

Just In: MTN agrees to pay N330bn fine to FG

Telecommunications giant MTN has agreed to pay its fine of $1.7 billion(N330bn) to the federal government of Nigeria. The South African company revealed this om Thursday in a statement where it admitted its failure to disconnect unregistered mobile phone users. MTN said it will pay the fine in a “full and final settlement”. “MTN Nigeria... Read More

BREAKING, communication giant, FG, fine, MTN

May 16, 2016

MTN, mtn nigeria, MTN Start Pack, Nigerian Communications Commission (NCC), Richard Iweanoge, Subscriber Identification Module (SIM), Yafun Yafun bonus

MTN subscribers to be rewarded with ‘Yafun Yafun’ bonus

It is yet another season of freebies as MTN Nigeria unveils a special tariff plan, MTN Start Pack, otherwise known as Yafun Yafun bonus. Yafun Yafun bonus is creatively designed to welcome new subscribers to the MTN platform with amazing discount on calls and free data. The bonus according to the management will be automatically... Read More

March 8, 2016

MTN responsible for increased Boko Haram attacks – Buhari

President Muhammadu Buhari, on Tuesday, stated that the reluctance of telecommunications giant, MTN, in deactivating unregistered lines contributed to the killings by the insurgent group, Boko Haram. Buhari said this during a joint press conference after holding closed door meeting with South African President, Jacob Zuma at the Presidential Villa, Abuja. The President also said the severe... Read More

boko haram, Buhari, fine, MTN, nigeria

March 7, 2016

Senate summons MTN, 2 ministers over payment of fine

The Senate Committee on Communications has directed the Minister of Communications, Adebayo Shittu, and the Attorney General of the Federation and Minister of Justice, Abubakar Malami, to appear before it this week. According to Gilbert Nnaji, the chairman of the committee, the summoned ministers are to shed more light on their roles in MTN’s payment... Read More

50billion, fine, MTN, senate

March 4, 2016

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 24, 2016

FG denies receiving ‘N50bn payment’ from MTN

Following reports that telecommunication giants, MTN has opted to put to bed its challenge of the N1.04 trillion fine imposed on it by the Nigerian Communications commission and subsequent payment of N50 billion as down payment in good faith, the Federal Government has denied knowledge of such payment. The Special Assistant to the Minister of... Read More

marketing, MTN, ncc, telecommunication

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