Source: Law Daily Report (lawdailyreport.net)
A good time to settle. APC needs money for vote buying. After they will tell us they gave it to the poor.
Big cash out but it won’t still make a single impacts on the civilians... sigh 😔
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$8 billion ‘Illegal’ repatriation: FG, MTN settle out of court - Vanguard News NigeriaThe Nigerian government and mobile telecommunications firm, MTN, have reached an out-court-settlement in a suit by government lawyers accusing the company of illegally repatriating $8.1 billion out of the country, lawyers told a Federal Court High sitting in Lagos.
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$8.1b MTN fine: Court adopts settlement terms as judgment - The Nation NigeriaThe Federal High Court in Lagos yesterday adopted the settlement terms in a suit by MTN Nigeria Communications Limited against the Federal Government. MTN challenged the $8,134,312,397.63 demanded from it by the Central Bank of Nigeria (CBN) over alleged forex remittance infractions. But the telecoms firm prayed the court to restrain the CBN and the … Investors, without being prompted should pay taxes, commensurate to their earnings. The laws of the host country must be obeyed, respected, and strictly adhered to. This culture of exploitation must be stopped. The more taxes FG imposes on MTN is the more it backfires on lts customers. I dont say MTN shldn't pay taxes bt huge taxes imposed on it is afectin d customers indirectly. Wiaeva 2 elephants lockhorns it is d grases dat csufer most.
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$8.1b MTN fine: Court adopts settlement terms as judgmentThe Federal High Court in Lagos on Thursday adopted the settlement terms in a suit by MTN Nigeria Communications Limited against the Federal Government.
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'The Nigeria Lawyer Online legal newspaper reported on the 24th day of December, 2018 that the alleged charge of improper repatriation leveled against MTN Nigeria has been resolved to the tune of $52.6million as against $8.13billion earlier reported as the fine to be paid by the telecommunication company. There seems to be a wide margin between the reported final payment and the alleged charged sum which has left the public puzzled as to the procedure and steps taken to arrive at the resolution.'
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