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Home Business News

After settling dispute with FG, MTN Group’s board pays President Buhari a visit

Emmanuel Abara Benson by Emmanuel Abara Benson
January 29, 2020
in Business News, Company News
After settling dispute with FG, MTN Group's Chairman pays President Buhari a visit
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MTN Group Limited’s Chairman, Mcebisi Jonas, was in Abuja on Tuesday when he visited President Muhammadu Buhari. The surprise visit came just weeks after the office of Nigeria’s Attorney General withdrew a $1.2 billion demand it made from MTN Nigeria, being money the telecoms company allegedly owed in back taxes.

In a press statement that was issued via the official Twitter page of Federal Ministry of Communications & Digital Economy, the Minister of Communications (Dr Isa Pantanmi) led Mr Jonas and the rest of the MTN delegates on the visit to the Nigerian leader.

The Honourable Minister of Communications and #DigitalEconomy 🇳🇬, @DrIsaPantami led MTN Delegation to introduce the Group President, Mcebisi Jonas to His Excellency, President @MBuhari GCFR. pic.twitter.com/kPMPFG3Z0R

— Fed. Min. of Comms, Innovation & Digital Economy (@FMCIDENigeria) January 28, 2020

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Pictures shared from the visit showed that Ferdinand Moolman, the CEO of MTN Nigeria Communications Plc, as well as Ernest Ndukwe, the Chairman, were among the MTN delegates. The Executive Vice Chairman of the Nigeria Communications Commission, Prof Garba Danbatta, was also present.

While receiving the MTN delegates, President Buhari was said to have thanked them for the courtesy call. He also urged MTN to align itself with Nigeria’s digital economy policy and strategy.

[READ MORE: MTN Nigeria reacts to poor internet as network issues go beyond Nigeria)

His Excellency, President @MBuhari GCFR thanked the delegation for the visit and further urged MTN to key into the National #DigitalEconomy Policy and Strategy for a #DigitalNigeria.@DrIsaPantami#AsoVilllaToday pic.twitter.com/GiCMXzwZt3

— Fed. Min. of Comms, Innovation & Digital Economy (@FMCIDENigeria) January 28, 2020

Speaking further, President Buhari told the telecoms company to work alongside Nigerian regulators towards providing quality broadband and voice services to Nigerians, albeit at affordable rates.

His Excellency, President @MBuhari GCFR also urged MTN to work closely with the Supervising Ministry and the Telecoms Regulator to make broadband available to Nigerians, Improve on their Quality of Service (QoS) and make Data and Calls affordable. @DrIsaPantami #DigitalNigeria pic.twitter.com/FIOIKW8WSU

— Fed. Min. of Comms, Innovation & Digital Economy (@FMCIDENigeria) January 28, 2020

Note that Nigeria is one of MTN Group’s biggest markets, accounting for a sizable portion of its annual revenue. However, the company has also faced a lot of regulatory difficulties here. Recall that Nigeria made the $1.2 billion demand from MTN Nigeria back in September 2018, shortly after the company was ordered by the Central Bank of Nigeria to return the sum of $8.1 billion which it was accused of illegally remitting to South Africa.

MTN refuted the claim from the Attorney General before instituting a legal action in this regard. Earlier this month, the company announced that it would be withdrawing the suit after the office of the Attorney General of the Federation withdrew its demand.


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Tags: Dr Isa PantanmiErnest NdukweFerdinand MoolmanMcebisi JonasMTN Group LimitedPresident Muhammadu BuhariProf Garba Danbatta
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

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