MTN receives Tax Compliance Award

Nigeria's leading Telecommunications company, MTN Nigeria has been declared the Best Federal Tax Responsible Corporate Citizen in Lagos State" by the Chartered Institute of Taxation of Nigeria, CITN, in recognition of its exemplary compliance with federal tax laws. The award was presented to MTN by the Institute recently. Commenting on the award, Mrs. Amina Oyagbola, MTN's Corporate Services Executive stated that "the award once again demonstrates MTN'S commitment to discharging its responsibilities to government and adding value to society. As leaders in the telecommunications industry, we are determined to remain a benchmark of excellence not only in the provision of telecommunications services, but in the discharge of our social obligations" It will be recalled that only last June, the telecom operator was lauded for its stellar corporate citizenship when the Federal Inland Revenue Service (FIRS) presented MTN with the coveted award of "Best Corporate Tax Payer in the Communications Industry for the year 2005/2006". Oyagbola acknowledged that MTN is humbled to be recognized for its responsible corporate citizenship." The appreciation and encomiums will continue to spur our organization to optimize its performance, and contribute to the socio-economic development of this great country". MTN, said Oyagbola, being a member of the United Nations Global Compact and the Convention of Business Integrity, respectively, regards the adherence to the code of good corporate governance as imperative and pivotal to business success, adding that corporate social responsibility has become an integral feature in our operations". The company, Oyagbola assured, will continue to invest heavily in ICT infrastructure in every part of the country. To date MTN has invested over $4billion in the Nigerian economy and has paid more than N140 billion in numerous taxes, levies and duties to Government. These contributions translate to the highest foreign direct investment in Nigeria's telecommunications sector. Oyagbola thanked CITN for recognizing MTN's commitment to ethical business conduct and corporate governance, pledging that "we shall continue to provide leadership in this regard".

Comments

Post a Comment

Popular posts from this blog

Opera to invest $100m in African digital economy

Image
Caption: L-R:  Jørgen Arnesen, Global Head of Marketing and Distribution, Opera Software AS; Folarin Komaiya, Business Development Director, Opera Nigeria; Richard  Monday , Vice President of Africa, Opera Software AS; and Song Lin, Chief Operating Officer, Opera Software AS, announced their investment plan at the Intercontinental Hotel on Tuesday   09,05,2017. By Jonah Iboma with Agency Report Opera, the developer of the most popular mobile browser in Africa, on Tuesday announced its plan to invest $100 million ( about N30bn ) over the next two years to facilitate the growth of African digital economy. In a statement, the company said it would  use the investment to speed up internet adoption in Africa and strengthen the internet ecosystem with local partners, noting that the continent is on its way to transform itself into digital continent with the rapid adoption of mobile internet. The firm said further that for the past five years, the Opera Mini browser has been a key f
Read more

Internet Business Showcase Debuts…gets NCC Endorsement

The country’s leading business-to-consumer (B2C) and business-to-business (B2B) strategic publicity and events management firm, Private Media Mart Limited has announced the repackaging of its annual Cyber Café Expo as the annual Internet Business Showcase. The event, which will be coming up on the 11th of May 2010 in Lagos, was originally conceptualized as the antidote to the seeming short-life span of majority of cyber businesses in the country and had been held annually for three (3) years in Lagos before now. With its new identity as the Internet Business Showcase, the organizers of the event represented by the Managing Partner of Private Media Mart Limited Mr. Ejiofor Agada stated that the idea behind the change was to reflect the reality of the internet environment. According to him, “this event is meant to serve as the needed boost for the nascent Internet Business environment and sundry solutions in Nigeria today”. He explained further that the Internet Business Showcase is Ni
Read more

Etisalat Gives Out Over 450 Scholarship Grants to University Students

Image
(L-R): Acting Vice-Chancellor, Lagos State University, Prof. (Mrs.) Yemi Olatunji-Bello; Special Adviser to the Executive Governor of Lagos State, Otunba Fatai Olukoga; Chief ExecutIve Officer, Etisalat Nigeria, Mr. Steve Evans;    and Director, Brands and Communications, Etisalat Nigeria, Mr. Enitan Denloye at the Etisalat Merit Awards held at Oceanview, Lagos on Wednesday, October 12 As part of its corporate social corporate responsibility of giving back to society, leading telecommunications provider, Etisalat Nigeria has in less than three years given out over 450 scholarship grants to deserving students from universities across the country. The grants were given under its Merit Awards Scheme, a programme built on its core CSR platform of empowering Nigerian youths to obtain qualitative education.   About 80 of these university students on Thursday September 15 received their grants of N.1 million at the Etisalat Merit Awards regional presentation ceremony held at the
Read more