Ghana introduces platform to monitor telecoms revenue, capital importation
Rising from strategic need to monitor, verify revenues and capital importation by telecom giants, Ghanaian government has implemented the Common Monitoring Platform (CMP) tame the tide of confusion that recently trialed a telecom group in Nigeria. Recall that MTN Nigeria…
MTN, CBN reach truce on $8.1bn CCI crisis, but matter still in court
Truce on the breach bordering on Certificate of Capital Importation (CCI) procedure between the Central Bank of Nigeria (CBN) and MTN Nigeria is underway, however, there is yet no comment from both sides on settlement out of court to demonstrate…
MTN justifies twofold approach to its misunderstandings with CBN, AGF
…But prefers out of court settlement The leading telecommunications giant in Nigeria, MTN has given emphasis on what it described as twofold strategy to the ongoing differences between the company and two major government agencies, the Central Bank of Nigeria…
US Consul-General hits FG, lists 6 minuses for US, foreign investors in Nigeria
A serious shock or eye opener may have been sent by United States (U.S.) High Commission Consul-General to Nigeria, Mr. F. John Bray to the federal government following his outburst that about $1.3billion American businesses in Nigeria are under threat…
MTN still weighing listing upon recent CBN, AGF accusations—Shuter
…Hires 15 SANs in suite against FG as AGF not represented in court Contrary to speculations that the weight of the recent sanctions, claims and counterclaims bordering on alleged breaches on extant laws and regulations guiding rule of engagements on…
MTN now closer to final resolution on CCI issue with CBN but…—Minister
Brighter chances are underway on the amicable resolution of the breaches bordering on Certificate of Capital Importation (CCI) by MTN Nigeria against the extant laws and regulations of the Central Bank of Nigeria (CBN), the Minister of Finance, Zainab Ahmed…
MTN depleting foreign reserves via illegal access to dollars, CBN tells court
Though yet to be proven, the Central Bank of Nigeria (CBN) in its counterclaim to the suit filed by MTN Nigeria over the recent sanction on transfer of $8.1bn without recourse to the official final approval for the Certificate of…
CBN gives rare graphic details to build up of latest MTN, banks sanctions
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday opened up on salient issues that led to its directive on MTN Nigeria to return $8.1bn it repatriated in connivance with four banks without waiting the final…
MTN: ‘CBN considered economy, customers’ not to withdraw banks licences’
Even as MTN Nigeria plans to approach an Abuja High Court to seek legal redress over the recent sanctions leveled against it on grounds of breaches in Certificate of Capital Importation (CCI) and tax evasion, fresh details have emerged on…
Just in: MTN heads to court in contest of CBN, AGF $8.1bn sanction, tax default
In keeping with its self acclaimed righteousness over recent claims by the Central Bank of Nigeria (CBN) through the Attorney General of the Federation (AGF), over abuse of due process in certificate of capital importation (CCI) involving $8.1bn, leading telecoms…
