Court case between MTN and Nigeria’s central bank postponed

PUBLISHED: Tue, 30 Oct 2018 13:55:14 GMT
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LAGOS (Reuters) – A Lagos judge adjourned a hearing on Tuesday in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria’s central bank to Dec 4.

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The central bank alleges the firm illegally sent $8.1 billion abroad, and the Nigerian government has demanded $2 billion in taxes from MTN.

MTN, which makes about a third of its annual core profit in Nigeria, has said the allegations are without merit.

Reporting by Chijioke Ohuocha and Didi Akinyelure; Writing by Paul Carsten; editing by John Stonestreet