MTN refutes illegally moving funds from Nigeria

mtn simFrom OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – MTN has refuted allegations of improper repatriation of money out of Nigeria.

The mobile network operator said its attention had been drawn to various media reports containing these allegations, made at Senate implying MTN had illegally repatriated $13,92 billion out of Nigeria over a period of ten years in collusion with a number of commercial banks.

“The allegations made against MTN are completely unfounded and without any merit,” said MTN Nigeria Chief Executive Officer, Ferdi Moolman.

Senator Dino Melaye made the allegations, prompting the Senate to open investigations.

The accusation comes on the heels of MTN agreeing to pay a $1 billion fine slammed on it last year for missing a deadline to disconnect over 5 million unregistered customers in the country.

CAJ News

Short URL:

Posted by on Sep 28 2016. Filed under Africa & World, Broadband, Finance, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.