Lagos — MTN Group President and CEO, Rob Shuter, has acknowledged that MTN Nigeria's plans to list on the floor of the Nigerian Stock Exchange (NSE) have been challenged by the recent issues involving the Central Bank of Nigeria and Attorney General of the Federation.
Shuter's statement is contained in the MTN Group 2018 Q3 financial result for the period ended September 30, 2018.
It would be recalled that MTN Nigeria recently sued the Central Bank of Nigeria (CBN) and the Attorney General of the Federation, AGF over allegations of improper repatriation of about $8.1billion and unpaid taxes of $2.0 billion the duo levied against it.
The telco is seeking injunction to restrain them from taking further action in respect of their orders to reclaim the alleged debts.
Shuter however assured that MTN remains committed to the listing in Nigeria, noting that the group had engaged extensively with authorities in Nigeria to deal with the matters they raised.
Read the original article on Daily Trust.
MTN Seeking 'Acceptable Solution' With Govt
MTN - We Are Relying On Courts to Settle Nigerian Dispute
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.