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Nigeria: $8.1bn Fine - MTN Explores Out-of-Court Settlement With CBN
This Day, 5 December 2018
Indications have emerged that is exploring the possibility of an out-of-court settlement with the Central Bank of Nigeria (CBN) over the $8.1 billion fine slammed on the telecoms… Read more »
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.
InFocus
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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 ... Read more »
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The Chief Executive Officer of MTN, Rob Shuter, has said that despite the U.S.$8.1 billion fine imposed on the telecommunication giant by the government, it will apply for a ... Read more »
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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 »
