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Maroc Maroc - NIGERIANFRANKNEWSNG.COM - A La Une - Hier 13:41

Court upholds FIRS’ $87.9m penalties, interest against MTN

A Federal High Court, Lagos, has upheld $87.9 million USD as penalties and interests slammed on MTN Nigeria Communication Plc, by the Nigeria’s Federal Inland Revenue Service (FIRS). Justice Ayokunle Faji who presided over the court, upheld the penalties and interests, while delivering judgment in an appeal filed by FIRS against October 20, 2023 judgment of Tax Appeal Tribunal (TAT). In the judgment, the tax tribunal had awarded $71 USD million, as the principal sum, while refused to grant penalties and interest as demanded by the FIRS. Dissatisfied with the TAT judgment, FIRS through its lawyers, Bolanle Oniyangi, leading Moses […]

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