Okay o.

CBN must never allow that malami to lay his hands on that money.
I trust the CBN far more than the so called Attorney General.

CBN is nigeria and nigeria is CBN...I propose a total one week boycotting of mtn by every nigerian...

jauntty:
This is like failing an exam and suing your lecturer

You havent seen that happening before?


Are You still in Sec skul?

Tonitelli:
And why is malami insisting dat the money be paid tru his office and no longer d CBN?

Election bro


They need to Empower Ogun Market people too

bigpicture001:
CBN is nigeria and nigeria is CBN...I propose a total one week boycotting of mtn by every nigerian...

So whose business would suffer?


Better propose it for Zombies

jauntty:
Telecommunications firm, MTN Communications Limited has taken the Central Bank of Nigeria (CBN) and the office of the Attorney General of the Federation (AGF) to court.

The move according to the firm was in order to protect MTN Nigeria’s assets and shareholders’ rights within the confines of Nigerian law. The firm will, however, continue to dialogue with the relevant authorities.

Here is the statement as sent by the company:

Further announcement regarding Central Bank of Nigeria (CBN) and the Attorney General of the Federal Republic of Nigeria (AGF) matters and renewal of cautionary announcement.

As previously disclosed the CBN has alleged improper dividend repatriations by MTN Nigeria Communications Limited (MTN Nigeria) and requested that $8.1 billion be returned “to the coffers of the CBN” whilst the AGF has alleged unpaid taxes on foreign payments and imports and that approximately $2.0 billion in relation to these taxes be paid to the Federal Government of Nigeria (and now directed that the payment of the $8.1 billion is dealt with through his office rather than as directed by the CBN).

MTN Nigeria has denied these allegations and claims. Furthermore, four commercial banks were issued fines in respect of the administration of the CCI and irregular dividend repatriation matter and requested to return, in aggregate, the same $8. 1 billion.

In order to protect MTN Nigeria’s assets and shareholder rights within the confines of Nigerian law, we have applied today in the Federal High Court of Nigeria for injunctive relief restraining the CBN and the AGF from taking further action in respect of their orders, while we continue to engage with the relevant authorities on these matters.

We remain resolute that MTN Nigeria has not committed any offences and will continue to vigorously defend its position.

We will provide further information as and when available. Shareholders are accordingly advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made.

Source : https://nairametrics.com/mtn-takes-central-bank-of-nigeria-and-agf-to-court-over-back-taxes-and-repatriation/

Stupid MTN. Fighting a case that they cannot win!

Babzrockman:
Tactically, MTN don sue Nigeria b that o after dey don use ordinary air chop our money finish... WHY una no try dis under OBJ?

Because baba OBJ is astue , intelligent and proactive

All these happenimgs would never have occurred under baba

Hopebringer:


Because baba is astue , intelligent and proactive

All these happenimgs would never have occurred under baba

hehehehehe,sai baba.....kai!!!! My people Em don start.

Bizibi:
hehehehehe,sai baba.....kai!!!! My people Em don start.

When I said baba I meant the ebora owu

Chief olusengun obasanjo

Hopebringer:


When I said baba I meant the ebora owu

Chief olusengun obasanjo

OK,I've seen it.....abeg don't use baba again,buhari's government has dent the image of that word.

Why are the FIRS behaving the their Brazilian counterparts where they whip up one senseless tax amount on a corporate body?

Bizibi:
OK,I've seen it.....abeg don't use baba again,buhari's government has dent the image of that word.

Noted, and I agree totally

What government should do is to make sure nothing less than 40% of some strategic firms shareholders goes to Nigerian shareholders, that way the dividends will remain in the country and the naira will be stronger for it, everything now goes out to buy dollars, its not a nationalisation policy that Govt takes over a firm, it will be a private firms but large numbers of its shareholders will be Nigerian, there is no reason MTN Nigerian shouldn't have gone public till now.

Bawizzo:
Dear mtn,
190m nigerians are gonna sue ur ass

except me

Hopebringer:


Because baba OBJ is astue , intelligent and proactive

All these happenimgs would never have occurred under baba

Commenting just for commenting sake. Under which regime did MTN perpetuate the fraud?

CBN LETTER TO MTN

viii. On account of the illegal conversion of your shareholders’ loan to preference shares (interest free loan) of $399,594,146.00, the sum of $8,134,312,397.63 was illegally repatriated on behalf of your company by the aforementioned banks between 2007 and 2015

oshe11:
So whose business would suffer?


Better propose it for Zombies

..aee u having ur sense under ur shoe..answer ur question..? whose biz would suffer..? the subscribers or the network provider?...

deafeyez:
APC looking for ways to fund their election by every possible means.

I dont know how some people are thinking because i dunno know apc has gone into his matter

shebi nah suya abi sue which oneTON.

Na dem dem vs dem dem be thieves and 419

Imagine what supposed Nigerians are spewing.....a coy will just capital flight such amount from ur nations economy and u expect regulatory agency not to flag such....I bet y'all are ignoramus....just anytin.to discredit d government....haba

Imagine a Govt that cannot create any form of employment, yet would like to muzzle a thriving and growing concern like the MTN. I wonder what they hope to achieve if not greed that is take over or a get deal from the Company.

The AGF is not acting in good faith.

Can too rather than sanction their officials for infractions and act of misdemeanor they are imposing huge penalty on the MTN. Would that engender friendly business environment in Nigeria.

THIVES AND BARAWOS IN POWER

Who CBN epp safe