Nigeria Seeks ‘Amicable’ MTN Relations Amid $10 Billion Claims
- Regulator seeks to facilitate smooth resolution to dispute
- MTN hit by duel allegations including illegal fund transfer
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Nigeria’s telecommunications regulator will strive to keep relations amicable between the government and MTN Group Ltd. as the two parties negotiate $10 billion of claims against Africa’s largest wireless operator.
The South African mobile-phone company has been rocked twice in the past two weeks in its biggest market, with the central bank and the attorney general accusing MTN of illegally repatriating funds and failing to pay back taxes. MTN denies the allegations and is seeking a court order to halt the process.