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Nigeria: Senate Seeks Explanation On Govt's Planned Reduction of $8.1bn MTN Fine
Premium Times, 14 November 2018
The Senate says it would demand explanation on why the federal government wants to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million. Read more »
Senate Condemns Nigerian Govt's Move to Cut MTN Fine
The Senate has expressed concern over an alleged plan by the government to reduce the U.S.$8.1 billion fine imposed on the telecommunication giant MTN to U.S.$800 million. MTN Nigeria and four banks were ordered to refund the sum of U.S.$8.1 billion alleged to have been illegally repatriated out of the country.
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Nigeria: Senate Moves Against Govt Over Alleged Plan to Reduce MTN's Fine
Vanguard, 13 November 2018
Strong indications emerged Tuesday that there is stiff opposition against alleged arrangements by the Federal Government to reduce the $8.1 billion fine imposed on the… Read more »
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Nigeria: MTN to Acquire Banking Licence in Nigeria, Says CEO
This Day, 14 November 2018
The Chief Executive Officer of MTN Group, Rob Shuter, yesterday disclosed that the group would acquire an independent banking licence in Nigeria by 2019. Read more »
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Nigeria: MTN - Senate Mounts Pressure, Investigates Alleged Reduction of $8.1bn Refund
This Day, 14 November 2018
The Senate has expressed concern over alleged huge reduction, by the federal government, of the refund the Central Bank of Nigeria (CBN) asked telecoms giant, MTN, to make, from… Read more »
InFocus
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A Federal High Court in Lagos has fixed December 4, 2018 to hear the suit filed by MTN Nigeria to challenge the U.S.$8.1 billion being demanded from it by the Central Bank of ... Read more »
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Telecoms giant MTN has said that it is still engaging with Nigerian authorities to resolve a dispute over the repatriation of U.S.$8.1 billion which was allegedly taken out of the ... Read more »
