MTN

Debt dispute between MTN Nigeria and Globacom is resolved.

An amicable resolution has been reached to the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom). The Nigerian Communications Commission (NCC) made this pronouncement on Thursday. The NCC's Director of Public Affairs, Mr. Reuben Muoka, signed a statement stating that this resolution revokes the disconnection authorization that MTN was previously given to disconnect Globacom. In order to minimise any possible disruptions to subscribers, the Commission made additional regulatory interventions after publishing its original public notice. These interventions included resolving disputes between parties and aiding in the reconciliation process. "Strong compliance with licence terms and conditions,…
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Tax tribunal orders MTN to pay $72.5m

Tax tribunal orders MTN to pay $72.5m

The Lagos State division of the Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay $72,551,059 in tax default to the Federal Inland Revenue Services from 2007 to 2017. However, the Tribunal absolved the telecommunication firm from paying the sum of $21,039,807 as penalties and interest on the principal sum. A five-person panel led by Professor A. B. Hamed gave the verdict and order recently while delivering judgment in an appeal numbered TAT/LZ/VAT/075, filed by the telecommunication company against the request by the FIRS to pay the default. The Office of the Attorney General of the Federation released a…
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