Business
MTN Ng faces N1.48bn lawsuits over electrocution, others
MTN Nigeria is battling with several lawsuits that have amounted to legal claims of over N1.48 billion, the company’s first quarter (Q1) financial result for 2023 disclosed.
Part of the N1.48 billion lawsuit is a N200 million case filed against MTN Nigeria after the company’s cable allegedly electrocuted a 12-year-old girl, Hamsatu Abdullahi, in Yobe State.
The N200 million was awarded to the 12-year-old girl by a high court in Damaturu, the capital of Yobe State, due to the injuries she sustained from the electrocution which led to both her hands and one of her legs being amputated.
MTN Nigeria is still challenging the case of Abdullahi in court, but the firm is also facing other litigations from Benue State Internal Revenue Services and Corporate Communications Ltd.
The network provider in the financial statement, said: “The Group has N1.48 billion (December 2022: N1.48 billion) contingent liabilities arising from claims and litigations in the ordinary course of business and the Group is defending these actions.
“During the quarter, the facts and evidence before the court regarding those cases were reassessed and based on the best estimates, the value of possible obligation from those cases amounted to N1.48 billion.”
MTN Nigeria said the litigations are, “currently being considered by various courts and the timing of the judgements are unknown.
“In the opinion of the directors, which is based on advice from the legal counsels, no material loss is expected to arise from these claims and litigations,” the firm stated.
-
News5 days ago
Attack on nurse: Enugu Assembly moves to regulate activities of masquerades
-
Politics6 days ago
APC leader collapses and passes away in church on Friday
-
News2 days ago
Fake Reverend Sister Arrested With 38 Children
-
News6 days ago
Local Content, Local Fraud
-
Gist1 day ago
My Boss Used To ‘KNACK’ My Wife After Sending Me On A Mission, To The Extent She Got… – Ex-soldier
-
News6 days ago
Court awards N10m damages against EFCC for ‘unlawful’ publication against Christ Embassy Pastor Miebi Bribena and wife
-
Politics5 days ago
Magnus Abe: my rift with Wike over
-
Gist2 days ago
Drama As Married Man Dies After Sleeping With Another Married Woman