So if you have or haven’t been paying attention- mtn has been fined over $5 billion for not disconnecting unregistered sim cards in Nigeria. The amount is essentially over N1 trillion. There are a few issues to take note of…
The fined amount is possibly more than the company generates annually and they are obviously being made an example out of by the NCC as NCC has warned telcos to register all sim cards…MTN did fail to comply.
A lot of the crimes committed in Nigeria are done using phones – kidnapping, terrorism etc. Rumour has it that Olu Falae’s kidnappers had unregistered sim cards which were from MTN…and a few of the boko haram sims likewise. That said a fine is justified.
There is now another thought- the fine is excessive- however if it wasn’t excessive will it be an effective detterent for them to follow the law? The next question is – does this make foreign investors think twice about coming into Nigeria? Because on one hand I would like to think if you willingly operate in Nigeria, you must be willing to obey the law….
Please share your thoughts. If you use mtn are you planning to change?
The Jersey is still HERE