MTN Nigeria to seek relief from Nigeria High Court

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MTN Group today, 10 September 2018, announced that MTN Nigeria has applied to the Federal High Court of Nigeria for injunctive relief from the Central Bank of Nigeria (CBN) and the Attorney General of the Nigerian Federation (AGF)’s orders.

As previously disclosed, the CBN has alleged improper dividend repatriations by MTN Nigeria and requested that $8.1 billion be returned to the coffers of the CBN.

At the same time, the AGF has alleged unpaid taxes on foreign payments and imports, and has demanded 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 strongly denies these allegations and claims.

The aim of MTN’s application to the High Court is to protect MTN Nigeria’s assets and shareholder rights within the confines of Nigerian law while the company continues to engage with the relevant authorities.

“We believe that we have complied with all relevant laws and in light of that, and the conflicting instructions from different organs of State, we have had no choice but to seek relief from the Courts in Nigeria. We remain firmly committed to the Nigerian market and will continue to engage with the authorities on these matters,” says Rob Shuter, MTN Group President and CEO.

“In line with good corporate governance, MTN Nigeria is a responsible, professionally-run company that complies with all laws and regulations, contrary to what has been alleged in the CBN and AG claims. The notion that there has been wide-spread non-compliance, amongst other things, is inaccurate. MTN will continue to vigorously defend its position.”

This is according to a media statement issued today.

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Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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