MTN's woes in Nigeria: Analyst Dobek Pater on what's gone wrong

Loading player...
JOHANNESBURG — The situation for MTN in Nigeria continues to be fluid as the company indicated on Monday that it will be turning to the West African country's courts to fight $10bn in claims from the Nigerian government. Nigerian officials have accused MTN of illegally transferring $8.1 billion out of Nigeria and owing a further $2 billion in back taxes. MTN has disputed the claims. But this battle between MTN and the Nigerian government is nothing new. Back in 2015, MTN faced the world's biggest ever telecommunications fine of $5.2bn for allegedly selling unregistered SIMs - a fine that the country's regulators then dramatically drew back to around $1bn. Could this latest fight then be another case of high-stakes negotiating on the part of Nigerian authorities? Dobek Pater, from Africa Analysis, has been studying the African telecoms market for years and is an expert on what the situation on the ground is like in Nigeria. In this interview, Pater gives us a greater understanding of whether or not this is a shakedown and what the forces at play are in Africa's biggest mobile phone market. - Gareth van Zyl Learn more about your ad choices. Visit megaphone.fm/adchoices
10 Sep 2018 7AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min