MTN Nigeria to Fight U.S.$10.1 Billion Demands in High Court

The telecom company has moved to protect its assets in Nigeria on behalf of its stakeholders, saying that it has decided to approach the country's courts to restrain authorities from taking further action against it. The Central Bank of Nigeria wants U.S.$8.1 billion to be returned to its coffers after alleging improper dividend repatriations by MTN Nigeria. The Attorney General has also demanded U.S.$2 billion in back taxes on foreign imports.

MTN Nigeria.


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