Interconnect Judgment Debt: MTN Nigeria sues banks to recover N6bn from SleekChip Technologies

MTN Nigeria Sues 20 Banks Over SleekChip Debt - Innovation Village | Technology, Product Reviews, Business

MTN Nigeria has taken legal action against more than 20 banks as it intensifies efforts to recover nearly ₦6 billion in interconnect debt from SleekChip Technologies Limited, a licensed international direct access and transit service provider. This move comes on the back of a court judgment awarding the telecom giant the right to reclaim funds owed through garnishee proceedings. The Federal High Court in Abuja, presided over by Justice Peter Lif…

MTN Nigeria drags over 20 banks to court amid SleekChip N3bn debt recovery

Telecom giant, MTN Nigeria, has sued more than twenty commercial banks in its bid to recover about N3 billion interconnect debt from SleekChip Technologies Limited’s bank accounts following a favourable judgement by the Federal High Court in Abuja.  SleekChip, an international Direct Access and National Transit service provider in Nigeria, was ordered to pay MTN the sum of $1,971,409.85 in an interconnect service debt between January 2022 and Oc…

MTN Nigeria Sues Over 20 Banks In N6 Billion Interconnect Debt Recovery Bid Against SleekChip Technologies - TheNigeriaLawyer

MTN Nigeria Communications Plc has commenced garnishee proceedings against over twenty commercial banks in a strategic move to recover an interconnect debt of approximately N6 billion owed by SleekChip Technologies Limited, an international Direct Access and National Transit service provider. This follows a judgment delivered in November 2024 by Justice Peter Lifu of the Federal High Court, Abuja, ordering SleekChip to pay MTN the sum of $1,971,…

MTN Moves to Recover N6bn from SleekChip, Drags Over 20 Banks to Court - Tech

MTN Nigeria is going after more than 20 banks in a bid to recover over N6 billion linked to unpaid interconnect fees owed by SleekChip Technologies Limited.  This comes after a Federal High Court ruling in Abuja ordered SleekChip to pay $1.97 million, in naira, plus interest, to the telecom company. At the centre of the case is a network interconnect agreement signed by both parties in July 2019. MTN said SleekChip racked up the debt between Jan…

Interconnect Judgment Debt: MTN Nigeria sues banks to recover N6bn from SleekChip Technologies

The development follows a judgment in November 2024 by Justice Peter Lifu of the FHC, which ordered SleekChip to pay the plaintiff (MTN) the sum of $1,971,409.85 in its Naira equivalent at the prevailing Central Bank rate at the time.  The post Interconnect Judgment Debt: MTN Nigeria sues banks to recover N6bn from SleekChip Technologies  appeared first on Nairametrics.