Nigeria’s attorney general withdraws $2 billion MTN tax demand

Techloy
Techloy
Jan 11 · 1 min read

Nigeria’s attorney general has withdrawn a $2 billion tax demand against MTN Nigeria over alleged unpaid duties and taxes between 2007 and 2017, which was issued in August 2018.

MTN Group, in a statement to its shareholders on Friday said: “MTN Nigeria has been informed by means of a letter received by its legal counsel, and dated 8 January 2020, that following careful review and due consultation with relevant statutory agencies, the (attorney-general) has decided to refer the matter to the relevant authorities, being the Federal Inland Revenue Service and Nigeria Customs with a view to them resolving the issues.”

MTN had disputed the claim and commenced legal action in Nigeria against the attorney general, but will now withdraw its legal action and engage instead with the tax authorities, as the matter scheduled to be heard at the end of January 2020, will no longer be heard.

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Covering news and insights into technology and business in Africa. Get in touch: hello@techloy.com

Techloy | Data-driven insights into tech and business in Africa

Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

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