MTN is seeking a court order in Nigeria to protect its assets from further action by the country’s regulators and central bank.
In August the central bank ordered MTN to pay back $8.1 billion it says the company unlawfully repatriated.
Earlier this month Nigerian authorities demanded $2 billion in taxes from MTN.
The company paid about $700 million which it says fully settled the amount it owed in taxes.
These demands follow two years after MTN agreed to pay more than $1 billion to end a dispute with Nigeria over unregistered SIM cards.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
I don’t think MTN will be that unprofessional… I really don’t think they did [break the law]…— Chiluba Mumbi
Nigeria has always been tricky…— Chiluba Mumbi
I very much doubt [that MTN should go to court]… I really don’t see this is going to be anything other than a negotiated settlement…— Chiluba Mumbi
This is the most valuable asset in the MTN portfolio… You can’t afford to write it down to zero.— Chiluba Mumbi
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.
Predictions, products and personalities featured in "Business Unusual" in the last three years.
To hike interest rates, or not to hike interest rates? Bruce Whitfield interviews Standard Bank Chief Economist Kevin Lings.
The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.
The Money Show’s Bruce Whitfield interviews Mahlatsi Mahlase of the South African National Editors Forum (Sanef).
The Money Show’s Bruce Whitfield interviews MTN Group CFO Ralph Mupita.
Head of the pollution & climate change at CER Robyn Hugo explains why they are against plans for two new coal stations.
DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.
Eyewitness News reporter Kgomotso Modise gives a summary of the proceedings of the sentencing of Collan Rex.
It was revealed that more than half the country’s municipal managers don't have the minimum competency levels to do their jobs.
Journalist at Tiso Blackstar Karyn Maughan gives an update of the North Gauteng High Court proceedings.
100 Resilient Cities is a project which helps cities worldwide become more resilient to social, economic and climate challenges.
Head of Vitality Wellness Dr Craig Nossel explains the new Discovery Vitaly rewards.
Nutritional Scientist and Founder of Life Science Clinic Dr Charlotte Prout-Jones chats to Azania about the benefits of fasting.
Azania spoke to Founder of SheepDog BloodHound, Paul Irwin to find out more.
Community activist Vanessa Burger says the commission's terms of reference state that it has the power to recommend prosecution.