Mobile operator giant MTN strikes a tax deal with Nigeria
MTN said yesterday that it successfully applied to the Federal High Court in Lagos to have the lawsuit, with a $2bn tax claim against the company, struck off the roll.
“MTN remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria in collaboration with all stakeholders,” MTN said.
The resolution of the 16-month conflict between the company and the attorney-general comes just hours after MTN pledged a $1.6billion (R23.33bn) investment in the next three years to expand its operations in Nigeria.
The investment was announced late on Wednesday after a meeting between senior executives, including chief executive Rob Shuter and Nigerian President Muhammadu Buhari, with Buhari reaffirming that Nigeria’s government was committed to providing an enabling environment for businesses to succeed.
Source: iol.co.za