A Federal High Court, Lagos has fixed the hearing of a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation’s (AGF’s) challenging the legality of N242 billion and $1.3 billion import duties and withholding tax assessment. The decision of Justice Chukwujekwu Aneke hearing all pending applications by the telco on the […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Sunday said that the apex bank may review the $8.134 billion fine imposed on the MTN Group Ltd if facts provided to support its complaints justify such decision. The apex bank had in August sanctioned the telecom operator and four banks including, Standard […]
The Nigeria Labour Congress (NLC) on Sunday asked MTN Nigeria, to pay the $10.13 billion liability, comprising the recent $2 billion fine in tax arrears slammed on it as well as the $8.13 billion fine over alleged breach of foreign exchange (Forex) repatriation guidelines. The Congress, in a statement signed by its President, Comrade Ayuba […]
MTN has challenged both the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation (AGF) at a Federal High Court asking the court to restrain both from enforcing their orders that it should refund $8.1 billion and $2 billon to the Federal Government. While the CBN had accused the company recently of illegally […]