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MTN sues FG for N3b over $1.3b withholding tax

MTN sues FG for N3b over $1.3b withholding tax

MTN Nigeria Communication Ltd has filed a fresh suit at the Federal High Court in Lagos to challenge the legality of N242 billion and $1.3 billion import duties and withholding tax demanded from it by the Federal Government. It is demanding N3billion general and exemplary damages and legal costs from the defendant. Justice Chukwujekwu Aneke […] …

CBN to review CCI fines on 4 banks, MTN

CBN to review CCI fines on 4 banks, MTN

Omodele Adigun Less than four weeks after the Central Bank of Nigeria (CBN) slammed heavy fines on four banks and MTN, there is the likelihood that the apex bank might reverse the fines. An indication to this emerged, on Wednesday, in a statement by Mr. Isaac Okorafor, the CBN spokesman. According to him, “the banks […]
The post CBN to review CCI fines on 4 banks, MTN appeared first on The Sun News. …

EFCC raids Standard Chartered Bank

EFCC raids Standard Chartered Bank

…Agency vows to deal with ‘errant’ operatives The Economic and Financial Crimes Commission on Friday raided the headquarters of the Standard Chartered Bank in Lagos. It was reported that about 20 operatives of the anti-graft agency were seen on the bank premises. The reason for the raid was not disclosed. However, EFCC spokesman, Wilson Uwujaren, […] …

CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

The Central Bank of Nigeria (CBN) has debited the accounts of three banks in relation to the fine placed on them for allegedly helping MTN repatriate $8.1 billion illegally. In The post CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation appeared first on TheCable.

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