Nigeria Communications Commission (NCC) initially fined MTN Nigeria N1.04 trillion, for failure to disconnect 5.2 million unregistered subscribers, but has now reduced the monumental fine to N674 billion. INFORMATION NIGERIA reviews the lessons that have emerged from the friction between NCC and MTN over the fine…
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1. The need for Nigerian companies to embrace good corporate policies.
2. The need for companies, no matter how big to comply with regulations.
3. No company, no matter how big is too big to be questioned by authorities.
4. Directors and persons in managerial positions don’t always secure their jobs when the chips are down, they are sometimes the first heads to roll.
5. Multinationals are now sitting up. They are now more wary of incessant flouting of regulatory requirements in their host country.
6. A stronger regulatory regime will definitely lead to better quality service delivery.
8. Nigerian government should work on their synergy with investing companies: a good example is the successful negotiations for the downward review of the fine.
That is it guys, you have it – Learn and be wise!
If it were during the pdp regime,the powers that be ‘ll sit on it & nothing ‘ll happen.thank God for the man of integrity He sent to us.And still some are yet to see the great job our president is doing rather they keep on complaining he travels a lot as if he’s busy doing nothing, as if the journeys he often embark on are not for benefits of this nation.