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.

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 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.