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Nairaland Forum / Science/Technology / Technology Market / FG Slaps $2bn Bill On Telecom Giant MTN (261 Views)
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FG Slaps $2bn Bill On Telecom Giant MTN by thegeniusmedia: 8:33pm On Sep 04, 2018 |
The Federal Government of Nigeria has asked mobile phone operator MTN to pay a $2bn (£1.6bn) tax bill, the company says. MTN challenged the figure, saying it related to activities over the past decade. It said it had settled the bill with a $700m payment. The tax demand is the latest in a series of disputes between MTN and Nigeria, the company’s largest market. In 2016 it agreed to pay Nigeria $1.7bn over failing to disconnect unregistered Sim cards. Last week, Nigeria’s Central Bank ordered the company to repatriate $8bn it said had been taken out of the country illegally. MTN, Africa’s largest mobile......https://www.thegeniusmedia.com.ng/2018/09/04/fg-slaps-2bn-bill-on-telecom-giant-mtn/
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