- About Us
- Sustainability overview
- Doing for planet
- Doing for people
- Doing it right
- Doing for growth
- Positions & certifications
- Investors overview
- Financial results
- Annual reports
- Opco investors
- Capital Markets day
- Zakhele Futhi
Attorney General of Nigeria Withdraws USD2 billion Tax Demand Against MTN Nigeria and Refers Matter to Tax Authorities
10 January 2020
On 4 September 2018, MTN announced that MTN Nigeria Communications PLC (“MTN Nigeria”) was disputing a claim for back taxes of approximately USD2 billion by the Attorney General of the Federal Republic of Nigeria and Minister of Justice (the “AGF”). Subsequent to this, MTN Nigeria commenced legal action in Nigeria against the AGF, which court action was most recently postponed to 30 January 2020.
MTN Nigeria has been informed by means of a letter received by its legal counsel and dated 8 January 2020, that following careful review and due consultation with relevant statutory agencies, the AGF has decided to refer the matter to the relevant authorities, being the Federal Inland Revenue Service (“FIRS”) and Nigeria Customs (“NC”), with a view to them resolving the issues. Accordingly, the AGF has withdrawn its letter of demand for the aforementioned USD2 billion that was issued in August 2018.
MTN Nigeria will consequently follow due court process to withdraw its legal action against the AGF and engage with FIRS and NC on this issue. MTN remains committed to building and maintaining cordial relationships with all regulatory authorities in Nigeria. Commenting on the news, MTN Group CEO, Rob Shuter said “we appreciate this decision of the Attorney General which paves the way to an orderly and amicable resolution of this matter. MTN remains fully committed to meeting our fiscal responsibilities and contributing to the social and economic development of Nigeria and all regions where we operate.”
29 February 2024
Mastercard and MTN Group Fintech partner to drive acceleration of mobile money ecosystem in Africa across 13 markets
Mastercard and MTN Group Fintech have signed a multi-market agreement...
28 February 2024
Ericsson and MTN Group extend BSS modernisation agreement to boost digital transformation in Africa
Ericsson (NASDAQ: ERIC) and MTN Group (JSE: MTN) have renewed...