MTN
•Tasks group on best practice, accountability
Following double sanctions slammed on the MTN Group over allegations of illegal repatriation of $8.13 billion, and another $2 billion in outstanding taxes, capital market stakeholders believe these are a ‘dent’ on the firm’s corporate governance image.
They urged MTN to entrench best practice and accountability in its operations, and ensure that its business in Nigeria is in compliance with existing laws before listing on the nation’s bourse.
Admitting that the MTN’s Initial Public Offer (IPO) will emerge the biggest in the history of the Nigerian capital market if it comes, they however argued that the incessant abuse of the law as being alleged by the Government would erode investors’ confidence in the company even…
Read More…..Guardian Newspapers
