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Wireless

ATCON faults CBN over USD 8.1 bln refund order to MTN

Tuesday 11 September 2018 | 13:38 CET | News
The CBN has accused MTN of untidy business transactions involving the alleged repatriation of USD 8.1 billion which it ordered the carrier to refund, while the Office of the Attorney General of the Federation has also issued demand notice of USD 2 billion unpaid taxes over a ten-year period to the operator. Four local lenders alleged to have facilitated the repatriation were also sanctioned by the apex bank but MTN has strongly denied both allegations, adding that it had the clearance of the apex bank and a clean bill of record with the tax authorities.

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Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
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