• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

MTN Nigeria denies owing FG tax arrears.

Chidi Emenike by Chidi Emenike
August 30, 2021
in Company Results, Markets
Share on FacebookShare on TwitterShare on Linkedin

MTN Nigeria Communications Plc has denied being indebted to the Federal Government of Nigeria in respect of outstanding taxes.

In a statement signed by the company’s secretary, Uto Ukpanah, and made available on the website of the Nigerian Exchange Limited (NGX), the telecommunications giants noted that it had furnished tax authorities with evidences to demonstrate full compliance with all extant and regulatory obligations. The teleco giant further reiterated its commitments to abiding by applicable laws and  contributing to the social and economic development of Nigeria.

Recall that the office of the Accountant General of the Federation (AGF) had allegedly accused MTN Nigeria Plc of owing taxes from 2007 to 2017. Consequently, a $2billion tax demand was instituted against the firm. However, after two years of allegation, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami on January 8, 2020, withdrew the $2 billion tax demand and transferred the matter to the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS) for resolution.

RelatedStories

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 

June 24, 2025
Nigerian banks lose N42.6 billion to fraud in Q2 2024, surpassing full-year 2023 record

BREAKING: FCCPC to arraign MultiChoice CEO, Pay TV Directors for allegedly Impeding Investigation

June 24, 2025

Commenting on the recent development, the telecommunications firm in the press release said: ‘’MTN Nigeria Communications Plc (MTN Nigeria or the Company) wishes to clarify erroneous reports in the media alleging the company is indebted to the Federal Government of Nigeria in respect of outstanding taxes.

‘’It may be recalled that in a letter dated 8 January 2020, the Office of the Attorney General of the Federation (OAGF) officially transferred the matter of MTN Nigeria’s alleged indebtedness to the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS) for resolution.

‘’As with previous request of a similar nature, MTN Nigeria has been happy to cooperate with the authorities, providing evidence to demonstrate full compliance with all extant tax and regulatory obligations and discussions are on-going in this regard.

‘’As recently as last year, the tax authorities commended MTN Nigeria for its prompt payment of dues. In addition, when asked earlier this year, the Company agreed to make advance tax payments ahead of established deadlines to support Government’s revenue drive. This was also the case in 2020, when in response to FIRS appeal to support Government MTN Nigeria made an early payment of its 2019 Companies Income Tax (CIT) of N46.9 billion. The Company did the same this year, between March 2021 and June 2021; making early payments of N95.5 billion for the 2020 CIT, which was due on 30 June 2021.’’

 

 

 

 

 

Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 
Companies

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 

June 24, 2025
Nigerian banks lose N42.6 billion to fraud in Q2 2024, surpassing full-year 2023 record
Breaking News

BREAKING: FCCPC to arraign MultiChoice CEO, Pay TV Directors for allegedly Impeding Investigation

June 24, 2025
Lagos to host Africa’s first Stablecoin Conference – Nigeria Stablecoin Summit driving adoption of a borderless digital economy  
Companies

Lagos to host Africa’s first Stablecoin Conference – Nigeria Stablecoin Summit driving adoption of a borderless digital economy  

June 24, 2025
Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 
Business News

Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 

June 24, 2025
FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer
Fixed Income

DMO allots N100 billion in June bond auction amid strong investor demand 

June 24, 2025
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 
Sectors

Lagos launches digital house numbering to tackle tax evasion, others 

June 24, 2025
Next Post
Grazing Routes: What the Land Use Act says

Grazing Routes for Fulani Herders: What the Land Use Act says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 
  • BREAKING: FCCPC to arraign MultiChoice CEO, Pay TV Directors for allegedly Impeding Investigation
  • Lagos to host Africa’s first Stablecoin Conference – Nigeria Stablecoin Summit driving adoption of a borderless digital economy  

Follow us on social media:

Recent News

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East, and Africa 

June 24, 2025
Nigerian banks lose N42.6 billion to fraud in Q2 2024, surpassing full-year 2023 record

BREAKING: FCCPC to arraign MultiChoice CEO, Pay TV Directors for allegedly Impeding Investigation

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics