24hrs extra news Nigeria

NCC set to reduce MTN fine to $3.4 billion; Buhari will soon show Nigerians the change they voted for – Lai Mohammed; MTN Nigeria CEO Ikpoki resigns; False declaration of assets: Supreme Court decides Saraki’s fate Feb 5, 2016 . . .

NCC set to reduce MTN fine to $3.4 billion

MTN . Yello zone

The Nigerian Communications Commission (NCC) has reduced the penalty imposed on MTN Nigeria (a subsidiary of the South African-based telecoms giant) over unregistered SIM cards, the company said on Thursday.

The Commission is now looking for a fine of $3.4 billion (3.2 billion euros), down from an earlier $5.2 billion, after negotiations with the regulator, it said.

The NCC had imposed a penalty on MTN in October after it missed a deadline to disconnect 5.1 million unregistered SIM cards in Nigeria.

Reports indicate that the reduced fine on MTN must be paid by December 31, 2015.

Africa’s largest mobile phone operator said in a statement is was “carefully considering” the revised fine by the NCC.

Buhari will soon show Nigerians the change they voted for – Lai Mohammed

Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has assured Nigerians of better times ahead, saying they will soon get the change they voted for.

”This Government will not give excuses. The painstaking and methodical approach by the Buhari Administration, its deep analysis and understanding of the challenges and the recent inauguration of the cabinet will herald a new dawn,” the Minister said at a meeting with representatives of Civil Society Organizations (CSOs) in Abuja on Tuesday.

He said that in the next few days, the Administration ”will start firing from all cylinders, starting with the unveiling of the 2016 budget”.

MTN Nigeria CEO Ikpoki resigns

MTN Nigeria’s CEO, Michael Ikpoki, resigns

MTN Nigeria’s CEO Michael Ikpoki and the head of Regulatory and Corporate Affairs Akinwale Goodluck have resigned their appointments with immediate effect.

They were replaced by Ferdi Moolman as MTN Nigeria CEO and Amina Oyagbola as its head of Regulatory and Corporate Affairs, according a statement released by the group in Johannesburg yesterday.

Mr Moolman was COO at MTN Irancell and most recently CFO at MTN Nigeria.

Ms Oyagbola also retains the position of MTN Nigeria’s Head of Human Resources. She formerly headed regulatory affairs at the Nigerian operating company.”

False declaration of assets: Supreme Court decides Saraki’s fate Feb 5, 2016


The Supreme Court has fixed February 5, 2016 to determine the appeal seeking to quash the 13-count criminal charge the Nigerian government entered  against the Senate President, Dr. Bukola Saraki, before the Code of Conduct Bureau (CCT).

A seven-man panel of Justices of the apex court led by the Chief Justice of Nigeria, CJN, Justice Mahmud Mohammed, adjourned the case for judgment after it  entertained arguments from both Saraki and the government yesterday.

The government had in the charge it filed before the CCT, alleged that Saraki falsely declared his assets, contrary to the constitutionally requirement.

Meanwhile, Saraki’s team of lawyers led by Mr. J. B. Daudu, SAN, yesterday,  begged the Supreme Court to quash the entire charge for want of competence.



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