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Wednesday, November 21, 2007

MTN is best tax citizen – CITN

Leading telecommunications company, MTN Nigeria has been pronounced the best federal tax responsible corporate citizen in Lagos State by the Chartered Institute of Taxation of Nigeria (CITN).

This, the institute said, was in recognition of the telco’s exemplary compliance with federal tax laws, thus attracting an award from CITN.

Commenting on the award, MTN’s Corporate Services Executive, Mrs. Amina Oyagbola, said that the recognition once again demonstrates the telco’s commitment to discharging its responsibilities to government and adding value to society.

“As leaders in the telecommunications industry, we’re determined to remain a benchmark of excellence not only in the provision of telecommunications services, but in the discharge of our social obligations,” she said.

Champion Infotel recalled that last June, MTN received commendations for its outstanding 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.”

Also, Mrs Oyagbola acknowledged the fact 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,” she said.

According to her, MTN 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, stressing that corporate social responsibility has become an integral feature in the telco operations.

She assured of MTN continued heavy investment in ICT infrastructure in every part of the country.

“To date MTN has invested over $4 billion 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,” she said.

Mrs. Oyagbola further expressed gratitude to CITN for recognizing MTN’s commitment to ethical business conduct and corporate governance, even as she pledged that the telco would continue to provide leadership in this regard.

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