There has been much back and forth about the case with MTN and Central Bank of Nigeria, CBN on alleged illegal repatriation of profits amounting to $8.1 billion.

The telecom giant had said it was pursuing an out-of-court settlement, but not much has been heard since the MTN lawyer, Wole Olanipekun disclosed this last week, when a court in Lagos adjourned the case to December 12.

On Monday, the South African telecoms firm said it was still in talks with Nigerian authorities over the $8.1 billion dispute and a $2 billion tax demand from the office of the attorney general.

Also Read: MTN FINE: CBN & MTN Finally Agree To Settle Out-of-Court

“Shareholders are advised that MTN Nigeria Communications Limited continues to engage with the Nigerian authorities in order to reach a mutually acceptable resolution on both the Central Bank of Nigeria and Attorney General matters,” the firm said in a statement on Monday.

The court hearing over the $2 billion tax demand will take place on February 7, a registrar said last Monday.

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