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CBN Reverses Directive on $8.1bn MTN Refund - THISDAYLIVEInsists there were infractions but assures investors of integrity of CCIs Obinna Chima and Emma Okonji The Central Bank of Nigeria (CBN) yesterday said it had reversed its sanction on MTN Nigeria Limited, imposing a refund of $8.1billion the telecom company had remitted abroad in violation of foreign exchange remittances law of the country. The … Lol...Christmas gifts exchange? It's all good and the season of goodwill
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
$8.1bn refund: MTN opts for out-of-court settlement – Daily TrustMTN Nigeria Communications Limited has asked the Federal High Court in Lagos to further adjourn the hearing in the suit it filed to challenge the $8,134,312,397.63 being demanded from it by the Central Bank of Nigeria. The $1.8bn demand by the CBN followed alleged forex remittances infraction by MTN.ADVERTISEMENT MTN’s lead counsel Wole Olanipekun told …
Source: Daily Trust - 🏆 13. / 51 Read more »
No Agreement Yet With MTN On $8.1bn Forex Remittances Infractions – CBNThe counsel to the Central Bank of Nigeria (CBN) in the suit filed by MTN Nigeria Communications Limited to challenging the $8.1billion fine imposed on it by the apex bank yesterday told the Federal High Court in Lagos that the parties are yet to agree on an out of court settlement on the matter. The […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
$8.1bn: Court adjourns hearing in MTN, CBN suit till Jan – Daily TrustA Federal High Court in Lagos, Wednesday, adjourned till January 22, 2019, for report of settlement of the dispute between MTN Nigeria and the Central Bank of Nigeria (CBN) over the controversy surrounding the alleged repatriation of $8.1bn profits from Nigeria by the telco giant. At the resumed hearing of the matter, yesterday, the lead …
Source: Daily Trust - 🏆 13. / 51 Read more »
$8.1b dispute: Court adjourns MTN, CBN case to next year - The Nation NigeriaA Nigerian judge adjourned yesterday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria’s central bank said the company had sent abroad in breach of foreign-exchange regulations. MTN has denied any wrongdoing.Read More
Source: TheNationNews - 🏆 6. / 69 Read more »
$8.1bn repatriation: CBN, MTN settle out of courttrolls_queen Please can we be informed of the settlement terms.
Source: MobilePunch - 🏆 8. / 63 Read more »
$8.1b MTN fine: Court adopts settlement terms as judgment - The Nation NigeriaThe Federal High Court in Lagos yesterday adopted the settlement terms in a suit by MTN Nigeria Communications Limited against the Federal Government. MTN challenged the $8,134,312,397.63 demanded from it by the Central Bank of Nigeria (CBN) over alleged forex remittance infractions. But the telecoms firm prayed the court to restrain the CBN and the … Investors, without being prompted should pay taxes, commensurate to their earnings. The laws of the host country must be obeyed, respected, and strictly adhered to. This culture of exploitation must be stopped. The more taxes FG imposes on MTN is the more it backfires on lts customers. I dont say MTN shldn't pay taxes bt huge taxes imposed on it is afectin d customers indirectly. Wiaeva 2 elephants lockhorns it is d grases dat csufer most.
Source: TheNationNews - 🏆 6. / 69 Read more »