Mobile telecommunications company, MTN Nigeria, said it has been informed that Nigeria’s Minister of Justice and Attorney General Abubakar Malami has withdrawn the letter of demand for $2 billion in back taxes issued in August 2018.
MTN disclosed this in a statement on Friday adding that the AGF has decided to refer the matter to the relevant authorities, being the Federal Inland Revenue Service (FIRS) and Nigeria Customs, with a view to them resolving the issues.
MTN Nigeria had filed a suit against the AGF in September over the issue, but said it will now follow due court process to withdraw the suit and engage the FIRS and the Nigeria Customs Service on the issue.
Commenting on the news, MTN Group CEO, Rob Shuter said “we appreciate this decision of the Attorney General which paves the way to an orderly and amicable resolution of this matter.
“MTN remains fully committed to meeting our fiscal responsibilities and contributing to the social and economic development of Nigeria and all regions where we operate.”