International Development News
Development News Edition
Give Feedback

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


Reuters
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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Nigeria