Nigerian authorities have gone too far - MTN

[Jamie McKane]

Nigerian authorities have gone too far - MTN

The Nigerian Attorney General’s office exceeded its powers when it demanded MTN Group Ltd. pay about $2 billion in back taxes, Africa’s largest wireless operator said.

The South African mobile-phone company has been rocked twice in the past two weeks in its biggest market, with the central bank and the attorney general accusing MTN of illegally repatriating funds and failing to pay the back taxes, making combined claims of $10 billion.

[Bloomberg]

 

[GoneWithTheWindows]

Just pull out of the **** hole.

 

[Sl8er]

Just pull out of the **** hole.

"That's what" -She

 

[f2wohf]

Why isn't MTN requesting an international arbitration? That's usually how these cases are solved.

 

[rietrot]

Just pull out of the **** hole.

They can't that's their biggest market as MTN isn't competitive in SA.

 

[sajunky]

Not a big problem for MTN. Bankers are crying, make so much noise and make you think it is MTN who complain.