MTN Nigeria: $1.3 Billion Tax Claim – Nigeria’s Attorney General Withdraws Demand

Must Read

PepsiCo Elects Segun Agbaje To Board Of Director

PepsiCo, Inc. (NASDAQ: PEP) today announced its Board of Directors has elected Segun Agbaje as an independent member of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

FG to shut Third Mainland Bridge on July 24 for 6 months

The Federal Government is set to shut the Third Mainland Bridge for six months starting from Friday, July 24. This...

MTN Nigeria is pleased to report that its legal counsel has received a letter dated 8 January 2020 from the Attorney General of the Federation and Minister of Justice (the AGF) formally withdrawing his demand for N242,244,452,215.97 and USD$1,283,610,357.86 alleged revenue indebtedness.

The letter confirmed that following careful review and due consultation with relevant statutory agencies, the AGF has decided to refer the matter to the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS) with a view to resolving contentious issues.

MTN Nigeria will consequently follow due court process to withdraw its legal action against the AGF and engage with the FIRS and NC on the issues. MTN Nigeria remains committed to conducting its business in accordance with applicable laws in Nigeria.

Expressing satisfaction at the development, MTN Nigeria CEO, Ferdi Moolman said ‘’we are very pleased with the decision of the AGF and we commend him for his wisdom. We maintain our dedication to building and maintaining cordial relationships with all regulatory authorities in Nigeria and remain fully committed to meeting our fiscal responsibilities and contributing to the social and economic development of Nigeria.’’

- Advertisement -
MTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws DemandMTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws Demand

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  IS SHOPRITE KILLING OUR TRADITIONAL TRADE?

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws DemandMTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws Demand

Latest News

PZ Cussons seeks shareholders’ approval for Nutricima sale to FrieslandCampina

PZ Cussons Nigeria Plc has advanced discussions on the sale of its food and drinks subsidiary, Nutricima Limited, to...

Glo cuts cost of international calls by up to 55%

Nigerian operator Globacom has cut international call tariffs by as much as 55 per cent. Globacom said the reduced tariffs come without any subscription...

COVID-19 Pandemic in H2-2020: Any vaccine in sight?

Since the novel Coronavirus became a pandemic, the focus of governments, the World Health Organization, and multilateral agencies, has been on the need to...

Hyundai Motor Unveils Rendering of New Elantra N Line

Hyundai Motor Company today released a design rendering of the new Elantra N Line sport sedan and revealed other details about the new performance-inspired...

OMO Bears Emerge As Annual AMCON Charge Further Squeezes System Liquidity

KEY INDICATORS FGN Bonds The FGN bonds market traded on a mixed sentiment today, slightly bullish at the short-end and bearish at the long-end of the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -MTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws DemandMTN Nigeria: .3 Billion Tax Claim - Nigeria’s Attorney General Withdraws Demand