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MTN goes to Nigeria's High Court to protect assets over dispute


Reuters Nigeria
Updated: 10-09-2018 18:35 IST
MTN goes to Nigeria's High Court to protect assets over dispute

Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over $8.1 billion that it said was illegally sent abroad, and the government earlier this month handed MTN with a separate $2 billion tax bill. 

JOHANNESBURG, Sept 10 (Reuters) - MTN Group said on Monday it has applied to Nigeria's High Court to restrain the country's Central Bank and the Attorney General from taking further action over its assets in the wake of a multibillion-dollar dispute.

Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over $8.1 billion that it said was illegally sent abroad, and the government earlier this month handed MTN with a separate $2 billion tax bill.

COUNTRY : Nigeria

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