October 30, 2018 / 9:34 AM / 8 months ago

Nigerian court adjourns case between MTN, central bank to December 4

A general view shows MTN head office in Lagos, Nigeria October 29, 2018. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - A Lagos judge adjourned a hearing on Tuesday in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria’s central bank to Dec 4.

The central bank alleges the firm illegally sent $8.1 billion abroad, and the Nigerian government has demanded $2 billion in taxes from MTN.

MTN, which makes about a third of its annual core profit in Nigeria, has said the allegations are without merit.

Reporting by Chijioke Ohuocha and Didi Akinyelure; Writing by Paul Carsten; editing by John Stonestreet

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below