Friday, 31 May 2019

MTN COMPLETES PAYMENT OF N330BN FINE TO FEDERAL GOVERNMENT

MTN Nigeria Communications Plc has confirmed that it has paid N55 billion to the Federal government which is the final tranche of the N330bn fine imposed on it by the Nigerian Communications Commission (NCC) for SIM card registration infraction. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Are you the head of transport department of your company? Are you tired of your car’s same old look? Is your vehicle losing shape & colour? Do you desire your vehicle to look like a brand new one? Then, it is the right time to come to GOF Autos Limited for priming, panel beating, painting (with Sikkens paint) and oven baking at rate of N70,000 for cars and N80,000 for SUVs. GOF Autos Limited is the best automobile firm in Nigeria that specializes in automobile body works, re-spraying and oven baking of all models of car, giving them that brand new factory grade look through the use of our state of the art equipment, especially our world class oven, and a highly skilled and professional workforce with excess of 10 years of experience each. For more information, click on this link:

In a statement signed by its Senior Manager, External Relations, Funso Aina, the MTN’s Chief Corporate Relations Officer, Tobechukwu Okigbo, said the successful resolution of the fine was the outcome of active collaboration between the NCC and MTN.

He said: “We are very pleased to have completed the payment of the N330 billion negotiated settlement with the NCC. We are particularly gratified to be in a position to have fully met the terms of the settlement within the agreed time frame. I would like to thank the NCC for their constructive and collaborative approach to this issue, and believe that we emerge from it with a stronger relationship, focused on ensuring maximum value is delivered to our people, from a strong and growing telecoms sector.”

Corroborating, a source at the NCC also confirmed the payment. According to the source, MTN paid the money into the Treasury Single Account (TSA) account with the Central Bank of Nigeria (NCC). http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The fine, initially put at N1.04 trillion before it was reduced to N330bn, landed on MTN’s back in October, 2015, when the biggest telecom operator flouted some of the country’s SIM registration rules.

After six months of negotiation and re-negotiation over the fine which led to the reduction to N330 billion, it was agreed that MTN would pay a balance of N280bn in six tranches. This was in addition to the “goodwill” payment of N50 billion earlier made by MTN to the government.

Fellow Nigerians, are you aware that our crude oil will soon become useless? Yes, it will, in no distant time, become valueless owing to the fact that the countries that rely on it as their only source of energy are developing more affordable alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only solution is developing the agricultural sector. In fact, this is the only solution. Very soon, the major source of revenue will become agriculture and agro-exports. How are you positioning yourself to play big in agro-export business? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? Yes, arm yourself with the contemporary trends in export trade. This manual explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Specifically, MTN began the payment structure with the payment of N30bn into NCC’s Treasury Single Account with the Central Bank of Nigeria, 30 days from the date of the agreement dated June 10 2016. Subsequently, MTN paid N30 billion on March 31, 2017, N55 billion on March 31, 2018, N55 billion on December 31, 2018,  and on March 31, 2019, it paid N55 billion. http://www.tectono-business.com/2016/06/are-you-estate-surveyor-or-property.html

In an agreement reached by the parties involved in a way to avoid a decision likely to cripple the business interest of the operators and the commission, it was also agreed that MTN should apologise to Nigerians, subscribe to the compulsory observance of Code of Corporate Governance for Telecoms Industry, as well as undertake immediate steps to ensure its listing on the Nigerian Stock Exchange (NSE). This has been done. (Sun)

Are you an exporter? Do you like to master the contemporary dynamics of non-oil export trade and avoid getting defrauded by the foreign buyers of your exportable products? Click on the link below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Are you tired of your car’s same old look? Is your vehicle losing shape & colour? Do you desire your vehicle to look like a brand new one? Then, it is the right time to come to GOF Autos Limited for priming, panel beating, painting (with Sikkens paint) and oven baking at rate of N70,000 for cars and N80,000 for SUVs. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

Have you ever imagines how the financial status of your company will grow when more than 20,000 CEOs and top managers of multinational companies pay for your products and services? For more information, click on the link below: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html

No comments:

Post a Comment