MTN: 10,530 +278 (+2.71%)
MTN says Nigeria's attorney general execeeded powers in $2 bln tax bill
LAGOS, Sept 11 (Reuters) - MTN Group said Nigeria's
attorney general exceeded his powers in demanding the payment of
$2 billion in taxes and charges, state court papers reviewed by
Reuters on Tuesday showed.
The South African telecoms company is also requesting 3
billion naira in court and legal expenses. Nigeria's government
earlier this month handed MTN a $2 billion tax bill days after
the central bank ordered the company's Lagos-based unit to hand
over $8.1 billion that it said was illegally sent abroad.
MTN on Monday said it had applied to Nigeria's High Court to
restrain the country's central bank and the attorney general
from taking further action over its assets.
(Reporting by Didi Akinyelure, Alexis Akwagyiram, Chijioke
Ohuocha and Paul Carsten;
Writing by Alexis Akwagyiram; Editing by Louise Heavens)
First Published: 2018-09-11 14:59:36
Updated 2018-09-11 15:21:31
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