MTN Nigeria's History of Run-Ins With Authorities
MTN Nigeria's troubles began when it was found that they didn't enforce the registration of SIM cards in the country. The registration, the government said, was one way in which to curb the terror attacks by militant group Boko Haram, which killed thousands of Nigerians. The fine for this was U.S.$5,2 billion, of which MTN negotiated to pay half, but there were conditions attached by authorities. Now the company is accused of not paying arrear taxes to the government, and of siphoning funds out of the country. Meanwhile company share prices are dropping.
An MTN facility in Abuja.
MTN Group shares have plunged to a nine-year low - a day after Nigeria ordered the mobile telecoms group to repatriate U.S.$8.1 billion that the authorities say was illegally sent ... Read more »
The demand by the Central Bank of Nigeria is the latest setback as the bank has ordered MTN Nigeria and four banks to refund the sum of U.S.$8.1 billion alleged to have been ... Read more »
The telecom giant MTN Group is facing another demand from the Nigerian government over the payment of U.S.$2 billion in tax arrears. The bill comes just days after the country's ... Read more »
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 ... Read more »
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