MTN Nigeria in the firing line, again
Bashir Ali
|
April 30, 2019
In 2018, MTN's Nigeria unit has continued to fall foul of the Federal government of Nigeria with fines being levied against MTN by both the Attorney General's office and the Central Bank of Nigeria. On 4th September 2018, Nigeria’s Federal government via the Attorney General’s office demanded that MTN pay USD $2 billion in tax arrears on imported equipment and payments to suppliers dating back a decade. MTN Group instead responded by filing for an injunction at the High Court and pointing to its total payments of around $700 million, over this same 10-year period, to fully settle said tax arrears.
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