" ITREALMS: MOU with Lagos boosts due process on taxes - ALTON

Friday, April 24, 2015

MOU with Lagos boosts due process on taxes - ALTON

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said that its recent Memorandum of Understanding (MOU) with the Lagos State Government has boosted due process on taxes and other regulatory issues, ITRealms reports.

Engr. Gbenga Adebayo, Thursday in Lagos,  made this disclosure during the association’s Extra-ordinary General Meeting and Annual Report and Financial Statements for the Year 2013, stating that the MOU has paved way for due process in ways and manners taxes  are collected and has also put a 
stop to the incessant closure or outright dismantling of member companies’ infrastructures.

He reiterated that there is now good working relationship between the association and Lagos State Government with signing of the MOU. He however refreshed members’ mind on the case between Lagos State and ALTON in Suit No: FHC/L/CS/517/2006—The Registered Trustees of the Association of Licensed Telecommunications Operators of Nigeria & 6 Ors vs Lagos State Government & 4 Ors.

Speaking exclusively to ITRealms, he stated that the trial ruling was entered in favour of ALTON on the 23RD of February 2007, and also ALTON won the appeal brought by Lagos State at the Court of Appeal in the year 2009. These were part of the huddles the association passed through before the signing of Memorandum of Understanding through the intervention of the Honourable Minister of Communication Technology, Mrs. Omobola Johnson,  indicating also that the Honourable Minister has equally  led the industry stakeholders to signing with some state governments  what is called ”The Smart State Initiative Memorandum of Understanding” and expressed hope that this understanding will continue with incoming governments.

The Chairman of ALTON equally thanked member companies for their support in the past years, without which the association’s modest achievements would not have been possible, lamenting to ITREALMS that membership has reduced to fifteen due to the operating environment amongst other factors.

The Extra-ordinary General Meeting was equally designed to make public the Report of the Independent Auditor to the Association which basically stated the income and expenditure profile of the association. The independent audit firm, Thomas Oyewumi FCA, stated that “In our opinion, the association has kept proper accounting records and the financial statements are in agreement with the records in all material respects in the manner required by the companies and Allied Matters Act, CAP C20 LFN,2004 and in accordance with the Statement of Accounting Standards issued by the Nigerian Accounting Standard Board.   

Mr. Adebayo, ITRealms gathered, listed the remaining members of the association to include Airtel Networks, Communications Network Support Services Ltd (CNSSL), Etisalat, Globacom, Helios Towers Ltd, Interconnect Clearing House(ICN) , HIS Africa, MTN Nigeria Telecommunications Ltd, Multi-Links Nigeria Ltd, Smile Communications Ltd, Spectranet Nigeria, Starcomms Nigeria Ltd, Visafone Nigeria, Vodacom Business Solutions Ltd, and Zoom Mobile.

Cyriacus Nnaji/ GEE

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