…Group CEO assures of amicable settlement
MTN Nigeria Monday said in order to protect its assets and shareholder rights within the confines of the law, it has approached the Federal High Court for injunctive relief to restrain the Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF) from taking further action in respect of their orders to refund $8.1billion and $2billoon to the Federal Government.
The CBN accused the telco of illegally repatriating $8.8billion through improper certificate of capital importation (CCI) while the AGF is also seeking the payment of $2billion in unpaid taxes over a 10-year period.
Four local lenders found wanting in the deal were also fined and fines have since been deducted by the CBN from their accounts.
MTN has continued to strenuously reject both allegations.
The Group Chief Executive Office of MTN, Rob Shutter has assured of amicable settlement of the issues the Nigeria arm of the telco is facing.
Responding to a specific question on the crisis on the sideline of ongoing International Telecoms Union (ITU) Conference at the International Convention Centre (ICC) in Durban, South Africa, Shutter said, in all its 22 countries of operation, Nigeria is the telco’s largest market, adding that the “challenges of the past two weeks” will be addressed. (The Nation)
