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Business News of Thursday, 30 January 2020

Source: www.mynigeria.com

MTN’s N3bn suit against AGF struck out by court order

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A N3bn fundamental rights enforcement suit filed by telecommunications firm, MTN Nigeria Communications Ltd, against the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) has been struck out by a Lagos Court

MyNigeria gathered that the AGF wrote a letter to the telco firm demanding $2bn in alleged unremitted tax.

What followed was a countersuit by MTN challenging the August 20, 2018 letter written to it by the AGF, demanding tax.

Justice Chukwujekwu Aneke, however, struck the case out of the Federal High Court in Lagos following a resolution of the $2billion dispute between MTN and the Federal Government.

Malami told the court that his office had reviewed the issue and withdrawn the demand letter via a January 8, 2020 letter to MTN.

MTN’s lead counsel, Chief Wole Olanipekun SAN, advised his client to drop its suit against the AGF since the Minister withdrew the demand letter.

Consequently, Justice Aneke struck out the suit.