Humanitarian & Cultural Causes in Africa
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#MTN has settled an $8 billion illegal profit dispute in Nigeria for $53 million

#MTN has settled an $8 billion illegal profit dispute in Nigeria for $53 million | Humanitarian & Cultural Causes in Africa | Scoop.it
An accusation of illegally repatriating profits is the latest tussle MTN has faced in Nigeria where it has operated for nearly two decades.
Igor Espanhol's insight:

"Africa’s largest telecoms operator says it has paid $53 million to settle a dispute after Nigeria’s Central Bank accused it of illegally repatriating $8.1 billion in profits. MTN was also alleged to owe Nigeria up to $2 billion in taxes by the attorney general."

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Humanitarian & Cultural Causes in Africa
Social, Humanitarian & Cultural Causes in Africa. Investors Europe Sponsors Aurelie D'Unienville.  http://www.aureliemarrierdunienville.com/   http://www.investorseurope.net/en/managing-director . Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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