By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Despite the explanation of the Central Bank of Nigeria (CBN) last Thursday on some misconceptions among members of the public on the implementation of N50 stamp duty on bank transactions, Barrister Bisi Iyaniwura, a Lagos based Investment and Commercial Lawyer said the action was illegal. […]
Frauds & Scandals
Nigeria open to deal with mobile group MTN over $3.9 bln fine
Wed Jan 27, 2016/Reuters By Alexis Akwagyiram Nigeria is open to an amicable out-of-court settlement with South Africa’s MTN over a $3.9 billion fine imposed on the cell phone operator, a top regulatory official said on Wednesday. This represents a thaw in a three-month standoff between Africa’s largest mobile operator […]
Nigeria’s Buhari to have final word on MTN’s $3.9 bln fine
January 26, 2016/Reuters Nigerian President Muhammadu Buhari will make the final decision on a $3.9 billion fine on South African cell operator MTN, the telecommunications minister said on Tuesday. Adebayo Shittu also told reporters that MTN might be advised to withdraw a court case filed against the fine. “If they […]
