A Lagos judge on Tuesday adjourned a hearing in an $8.1 billion dispute between South African telecoms firm, MTN Group and Central Bank of Nigeria, CBN until December 12.

The case was adjourned after lawyers said they wanted to report back on settlement talks.

The legal tussles ensued after the CBN accused the firm of illegally sending $8.1 billion abroad, which MTN has denied. Lawyers for both parties told the court they were in talks to agree a settlement.

In the same vein, a similar case between MTN Nigeria and the Attorney General of the Federation over a $2 billion tax demand has been adjourned to February 7, 2019.

Also Read: Buhari’s Minister Admits MTN Sanctions Not Good For Nigeria

This was because the presiding judge, Justice Saliu Saidu, was away on administrative leave.

The Federal High Court in Lagos did not sit on Monday for the hearing of all applications as earlier scheduled due to the absence of the judge.

MTN faces a $2 billion tax demand from the Attorney General’s office, a claim the company has denied.

It was gathered that the Federal Government had yet to file a full reply to its suit, but the company had filed an injunction asking the court to restrain the government from “disturbing or otherwise interfering with the business of the company”.

Don't forget to share this story with your friends.

Also Watch: