The MTN Group says it has sought court injunction to protect its business assets in Nigeria over its $8.1 billion dispute with the Central Bank of Nigeria (CBN) and the $2 billion tax bill slammed on the company by the Nigerian Attorney-General.
“Nigeria is our largest market. We’ve been operating there since 2001,” MTN Chief Executive Rob Shuter said at the on-going ITU Telecom World conference in Durban, South Africa. “We do have some challenges these past few weeks, but we believe we will be able to make our case and I’m sure we will move past that as soon as we can.”
MTN said in a statement that it had approached Federal High Court in Nigeria for an injunction to restrain the CBN and Attorney General from taking further actions against it in respect of the issues.
“We remain resolute that MTN Nigeria has not committed any offences and will continue to vigorously defend its position,” the statement read.