Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


MTN Wins First Round of Nigerian Tax Fight

Article Image
The Nigerian federal high court has dismissed the attorney general's (AG) attempt to exert temporary power over MTN's business in the dispute over the $2 billion in tax arrears the AG's office demanded. The hearing of the substance of MTN's case will be held in June.

As we reported yesterday, the court was due to rule over an objection lodged by the AG in response to the lawsuit brought by MTN Nigeria against the AG's demand for $2 billion in unpaid tax. According to a follow-up report by Tech Central, the court has rejected the Notice of Preliminary Objection filed by the AG's office, which would give the attorney general a range of powers, including freezing MTN Nigeria's bank accounts. MTN has argued that the issue raised should not fall under the purview of the AG's office, but rather the concerns of the Inland Revenue and Customs offices.

The substance of MTN's case against the alleged tax arrears will be heard in June. MTN would most likely argue that the only obligation to be fulfilled on its side would be the agreement reached with the Central Bank of Nigeria to pay a notional reversal of N19.2 billion, equivalent to $52.6 million. MTN has insisted that it has been in full compliance with Nigeria's tax laws.

This may be the final major hurdle MTN Nigeria needs to overcome before its IPO on the local stock market can proceed.

Wei Shi, Site Editor, Connecting Africa

Innovation hub


Orange Ventures, Digital Africa promise more funding for startups

Orange Ventures and Digital Africa are teaming up to invest more in tech startups in Africa and the Middle East through Digital Africa's Fuz program and the Orange Digital Center network.


Hot startup of the month: Rwanda's Ampersand

Connecting Africa's hot startup this month is Rwanda's Ampersand, which designs, builds, and manufactures electric motorcycles and battery packs for motorcycle taxis.

More Innovation hub

Latest video

More videos

Partner perspectives

All Partner Perspectives

Sponsored video

More videos

Follow us on X

Industry announcements

More Industry announcements

Upcoming events

Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives


Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Guest Perspectives


Omdia View: April 2024

By Omdia Analysts

April 2024's telecoms highlights in the Middle East and Africa included a license for Starlink in Ghana, new mobile termination rates in Ethiopia, and 6G trials in Bahrain – that and more in the latest Omdia View.


Leveraging agritech to build resilience against climate change

By Francis Hook

ICT analyst Francis Hook discusses agritech in Africa and how the agricultural sector is using technology to build resilience against the negative effects of climate change and to ensure food security.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id test-002