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MTN claims innocence in $2billion tax dispute with Nigeria

MTN, 7 Nigerian banks sign N200bn medium-term loan facility

MTN Nigeria insisted on Wednesday that it had not committed any offence and will continue to defend its position on the $2billion tax dispute.

The telecommunication giants disclosed this in a notification to announce its Third Quarter 2019 Financial Report.

The statement said: “The hearing on the Attorney General of the Federation $2billion tax dispute to be held on 29 October 2019 was adjourned to 30 and 31 January 2020 for the commencement of trial.

“We remain resolute that MTN Nigeria has not committed any offence and will continue to defend this position.”

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Lawyers for the government on Tuesday submitted a case against MTN at a Federal High Court sitting in Lagos, insisting the AGF has the power to levy charge and requested a hearing date for late January to continue court proceedings.

The lawyers had in June this year asked the court to adjourn the case to October to give them time to prepare their case.

Malami had alleged in September 2018 that MTN owed Nigerian Government $2 billion in back taxes relating to the importation of equipment and payments of foreign suppliers between 2007 and 2017.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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