0
Wireless

Central Bank of Nigeria reviews papers concerning MTN repatriations, foresees resolution soon

Friday 28 September 2018 | 11:14 CET | News
The Central Bank of Nigeria says its dispute with MTN Group over the repatriation of USD 8.1 billion in dividends from the country will soon be resolved, Bloomberg reported. Examiners from the central bank are reviewing documents provided by MTN and four banks accused of moving money out of the country without the regulator's final authorisation, said Governor Godwin Emefiele. At a media briefing, Emefiele said that the regulator had initially wanted MTN to reverse the flows, and that there was no liability on behalf of the lenders.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system

Published 08 Nov 2018 09:13 CET | South Africa
MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in ...

Nigerian court fixes new date for MTN USD 8 bln repatriation case

Published 31 Oct 2018 11:53 CET | Nigeria
A Nigerian High Court in Lagos has adjourned till 04 December the court hearing for the dispute between MTN Nigeria and the ...

MTN says seeking agreement with Nigerian officials over repatriation but reiterates share trading caution

Published 24 Oct 2018 11:15 CET | Nigeria
MTN Group says it is holding talks with Nigerian officials to find a "mutually acceptable solution" to a dispute over the alleged ...

Nigerian court to hear MTN repatriation case on 30 October

Published 23 Oct 2018 14:42 CET | Nigeria
A hearing of the court case between MTN and the Central Bank of Nigeria over the alleged transfer of USD 8.1 billion of funds out ...

Nigerian minister says Central Bank is approaching settlement with MTN

Published 20 Oct 2018 17:06 CET | Nigeria
The Central Bank of Nigeria and MTN could soon reach a deal in their dispute over the repatriation of USD 8.1 billion, Reuters ...

Central Bank of Nigeria government optimistic of reduction in claim against MTN

Published 08 Oct 2018 09:37 CET | Nigeria
MTN Group and its bankers have provided more documents that may reduce the government's USD 8.1 billion claim against MTN ...

MTN Nigeria tells staff to stay at home because of general strike over minimum wage

Published 28 Sep 2018 10:32 CET | Nigeria
MTN Nigeria has told its staff to stay at home after the country's main trade unions launched a nationwide strike to demand a ...

MTN leads drop in Nigerian mobile market in August

Published 25 Sep 2018 10:20 CET | Nigeria
Active phone lines in Nigeria fell to 160.89 million at the end of August, down from 161.79 million a month earlier, the Nigerian ...

Nigeria central bank says working on 'equitable resolution' of MTN funds claim

Published 20 Sep 2018 10:35 CET | Nigeria
The Central Bank of Nigeria said it's working on an "equitable resolution" of its claim against four banks and mobile operator ...

MTN CEO Shuter says confident Nigerian dispute will be resolved

Published 11 Sep 2018 11:19 CET | Nigeria
MTN is confident that its dispute with the Nigerian government will be resolved, Reuters reported, citing group CEO Rob Shuter. ...

South African government ready to intervene in MTN Nigeria dispute

Published 11 Sep 2018 11:11 CET | South Africa
The South African government says it is ready to intervene in the dispute between the MTN Group and the Nigerian government, if ...

MTN Nigeria files for High Court injunction against repatriation of funds

Published 10 Sep 2018 16:31 CET | Nigeria
At the same time, the AGF has alleged unpaid taxes on foreign payments and imports, and has demanded that approximately USD 2.0 ...

Central Bank of Nigeria debits bank accounts for helping MTN to repatriate funds

Published 10 Sep 2018 09:26 CET | Nigeria
The Central Bank of Nigeria has debited NGN 2.4 billion in fines from Standard Chartered and NGN 1.2 billion from Citigroup for ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Vodafone fiscal H1
12 Nov Iliad Q3 2019
12 Nov Dasan Zhone Q3 2019
12 Nov United Internet Q3 2019
12 Nov 1&1 Drillisch Q3 2019
12 Nov Telkom fiscal H1
12 Nov Skyworks fiscal Q4
12 Nov GTT Communications Q3 2019
12 Nov INAP Q3 2019
12 Nov Infinera Q3 2019
12 Nov Wi-Fi NOW International
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov Sunrise Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Ice Group Q3 2019
14 Nov Westell fiscal Q2
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov TDC Q3 2019
18 Nov Bezeq Q3 2019
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov MTS Q3 2019
19 Nov Gilat Satellite Networks Q3 2019
::: More Calendar Items