• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      CBN says cryptocurrency ban in interest of Nigerians

      February 25, 2021

      Companies-in-Action

      Zenith Bank in strong operational performance as profit rises 10.4% to N230.56bn in FY20

      February 25, 2021

      Companies

      United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020

      February 23, 2021

      Finance

      CIBN revives mentorship initiative for bank workers

      February 20, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Insurance Business

      Enterprise risk management surges amid pandemic, RIMS reports

      February 25, 2021

      WORLD BUSINESS & ECONOMY

      Hyundai to recall 82,000 electric cars over battery malfunction

      February 25, 2021

      Frontpage

      Global health insurance premiums fall amid pandemic, says new report

      February 24, 2021

      Frontpage

      Insurance M&A record highest growth in Africa, Middle East in 2020

      February 23, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Oil and Gas

      REA delivers 100kW hybrid solar mini grid to Edo community

      February 25, 2021

      Oil and Gas

      OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

      February 25, 2021

      Frontpage

      Nigeria still losing 200,000bpd crude daily as NNPC enlists army’s intervention

      February 25, 2021

      Frontpage

      Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

      February 24, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      The bull run still has legs despite inflation concerns

      < 1 min

      Analyst Insight

      Incorporating three lines of defence in data privacy schemes

      < 1 min

      Analyst Insight

      Coronation MB analysts project sharp rates rise after Nigeria recession exit

      February 25, 2021

      Analyst Insight

      How NITDA can further foster data protection compliance in Nigeria

      February 22, 2021

Frontpage

Court rejects Nigeria’s Attorney General objection to MTN’s N3 billion suit

May 7, 2019901 views0 comments

A Lagos Division of the Federal High Court on Tuesday rejected a preliminary objection filed by the Attorney General of the Federation, Abubakar Malami, seeking to dismiss the N3 billion suit filed by mobile telecommunications giant, MTN, against the Nigerian government.

Chukwujekwu Aneke, the judge, ruled that the suit was not filed “out of time,” as argued by the AGF.

At the last hearing in March, Tijani Gazali, counsel to the AGF, sought a dismissal of the suit, arguing that the failure of MTN to file the suit within three months of the cause of action had robbed the court the jurisdiction to entertain the matter.

Read Also:

  • Spotify targets one billion listeners across 80 new global markets
  • Nigeria records 6% drop in vessel traffic
  • Unilever Nigeria to complete tea business separation by end of 2021
  • Nigeria’s reserves down $1.38bn in 30 days amid rising oil prices
  • Nigeria missing out on 298m jobs, $7.6trn beach-driven T&T market

According to the AGF, the plaintiff (MTN) instituted the suit in disregard to Section 2 of the Public Officers Protection Act – which provides that any action against a public officer must be made within three months from the commencement of the cause of action.

But Wole Olanipekun, counsel to MTN, urged the judge to dismiss the AGF’s objection for being frivolous.

Olanipekun, a SAN, said the AGF’s preliminary objection was filed out of time and, therefore, null and void since he did not apply for an extension of time.

In his ruling, the judge noted that using “a simple calculation” from when the AGF wrote the final letter in August and September 2018, it cannot be said that MTN filed the suit outside the three months prescribed by law.

“Subsequently, the preliminary objection is misconceived and accordingly dismissed with no order as to cost.”

The judge adjourned till June 26 for the hearing of the substantive case.

MTN had filed a suit last year challenging the AGF’s claims of unpaid import duties and withholding taxes between 2007 and 2017 amounting to N242 billion and $1.3 billion.

The telecoms firm demanded N3 billion as general and exemplary damages and legal costs.

Last January, the company and the Nigerian government had agreed to an out-of-court settlement in a separate suit in which the government accused the company of illegally repatriating $8.1 billion out of the country.

Share on Facebook Tweet Email
PreviousTop 25 Richest Families in the UK
NextNaira gains against dollar at parallel market

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • The bull run still has legs despite inflation concerns
  • Africa and the decade of COVID-19 (5)
  • Reworking Public Sector: AI and public service delivery
  • Incorporating three lines of defence in data privacy schemes
  • How India Could Win Its COVID Vaccination Race

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

N187bn portfolio investment escape Nigeria via NSE in Q1

Frontpage May 12, 2020

1
2

Nigeria’s naira lost 99.7% value in 44 years

Frontpage June 2, 2017

3

Increased regulatory pressures, high punitive fines seen ‘derisking’ banks

Frontpage August 9, 2017

4

Border closure: FG meets with the neighbouring states’ delegates, plans joint patrol

Nigeria November 15, 2019

5

Global oil price may hit $100 per barrel next year on disruptions of production, export in Venezuela, Iran

Frontpage May 11, 2018

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.