0
Wireless

MTN Nigeria settlement report on Central Bank row gets 12 December court date, tax case heard in February

Wednesday 5 December 2018 | 09:34 CET | News
A Nigerian High Court in Lagos has adjourned until 12 December for report of settlement in a dispute between MTN Nigeria Communications and the Central Bank of Nigeria (CBN), over the alleged illegal repatriation of USD 8.1 billion by the telecoms company, Vanguard reported. Justice Saliu Saidu set the date after parties told the court that they were engaged in settlement talks. The News Agency of Nigeria reports that MTN had filed the suit, seeking an injunction to restrain the CBN and Attorney General of the Federation (AGF) from taking further action to reclaim alleged debts. 

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 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

Nigerian court again postpones tax suit against MTN

Published 28 Mar 2019 10:51 CET | Nigeria
A Nigerian High Court has again adjourned to 07 May a case hearing centred on the USD 2 billion tax penalty slammed on MTN ...

MTN Nigeria tax bill case postponed until 26 March

Published 11 Feb 2019 09:10 CET | Nigeria
A High Court judge has adjourned a USD 2 billion tax case with Nigeria's attorney general once again, this time to 26 March, ...

MTN agrees settlement with Nigerian Central Bank

Published 27 Dec 2018 09:48 CET | Nigeria
MTN Group said it has reached an agreement with the Central Bank of Nigeria (CBN) over the repatriation of USD 8.1 billion from ...

MTN Nigeria court case on illegal repatriation adjourned to January

Published 13 Dec 2018 10:44 CET | Nigeria
A Nigerian court in Lagos has again adjourned the case between the Central Bank of Nigeria (CBN) and MTN Group, following ...

MTN Nigeria tax case waits until February as judge is absent

Published 05 Dec 2018 10:12 CET | Nigeria
The absence of Justice Chukwujekwu Aneke stalled the hearing of a suit by MTN Nigeria against the Attorney-General of the ...

MTN Nigeria and central bank reach verge of agreement over fine for USD 8 bln repatriation

Published 23 Nov 2018 12:51 CET | Nigeria
The Central Bank of Nigeria (CBN) is on the verge of an agreement with MTN Nigeria over a USD 8.1 billion funds transfer, The ...

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 ...

Kogi State tax office seals MTN and Airtel Nigeria offices over unpaid tax

Published 01 Nov 2018 10:14 CET | Nigeria
The facilities of MTN Nigeria and Airtel have been sealed off by the Kogi State Internal Revenue Service over their alleged ...

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 ...

Nigerian attorney general says MTN owes USD 2 bln in back taxes

Published 05 Sep 2018 09:47 CET | Nigeria
MTN Group said the office of Nigeria's Attorney General (AG) calculates that MTN owes USD 2 billion in back tax related to the ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan Amazon Q4 2019
30 Jan The Things Conference
30 Jan FCC meeting
31 Jan Charter Q4 2019
::: More Calendar Items