MTN To Settle Billion-Dollar Nigeria Dispute Out Of Court

A Lagos judge has adjourned a hearing in an U.S.$8.1 billion dispute between telecoms firm MTN and Nigeria's Central Bank until 12 December, after lawyers said they wanted to report back on settlement talks.  MTN and the Central Bank have been in a dispute since August over the transfer of the funds, which the bank said the company had sent abroad in breach of foreign exchange regulations, which MTN has denied any wrongdoing.

MTN Nigeria.


See What Everyone is Watching

Don't Miss

AllAfrica publishes around 600 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 as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.