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CEO: MTN Nigeria formally withdraws ‘fine suit’ today

CEO: MTN Nigeria formally withdraws ‘fine suit’ today
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MTN Nigeria today said it has formally withdrawn a lawsuit filed against the Federal Government of Nigeria challenging imposition of N1.04 trillion against the mobile phone company for 5.2 million unregistered customers.

CEO, MTN Nigeria, Ferdi Moolman Photo credit: MTN
Withdrew Nigeria lawsuit to pave way for talks: CEO, MTN Nigeria, Ferdi Moolman Photo credit: MTN

Ferdi Moolman, CEO, MTN Nigeria, who announced this in a company statement today said that, “MTN Nigeria kept its promise to act in good faith and withdraw the court case” to pave way for ongoing talks with government to negotiate the fine.

MTN Nigeria’s withdrawal of the lawsuit, follows a “good faith” payment of N50 billion on February 24, this year in what the company says will be “applied towards a settlement when one is arrived at.”[quote font=”georgia” font_size=”22″ font_style=”italic” align=”right” bgcolor=”#” color=”#” bcolor=”#” arrow=”yes”]According him, “the formal withdrawal today at the Federal High Court, with all parties in attendance, signals further progress in the negotiations between MTN Nigeria and the Nigerian authorities.”[/quote]

‘’We have kept  our promise to withdraw and we have followed through by formally doing so. This is in line with the premium we place on good corporate citizenship”, Moolman, CEO at MTN Nigeria adds.

According him, “the formal withdrawal today at the Federal High Court, with all parties in attendance, signals further progress in the negotiations between MTN Nigeria and the Nigerian authorities.”

According to MTN Nigeria CEO, the company is keeping faith with its commitments and today formal withdrawal of the lawsuit at the Federal High Court in Lagos ‘’is another manifestation of good faith and intent by MTN Nigeria. We have confidence in the equally good intentions of the Nigerian authorities and the strength of our mutual commitment to an amicable resolution.”

Moolman adds that, “the high priority that Government is giving to the sustainability of the industry assures us of a truly integrated approach amongst all parties, to the growth of ICT as a critical enabler of socio- economic development in Nigeria.’’

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Success Kafoi Journalist at Technology Times Media. Mobile: 08077671673 email: success.kafoi@technologytimes.ng

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