Business
MTN denies claim it moved $14bn illegally from Nigeria─── 11:31 Wed, 28 Sep 2016
Cape Town - MTN Group on Wednesday released a statement denying reports that its Nigerian unit had illegally repatriated around $14 billion out of the country.
The company said the reports referred to allegations made on the floor of the Nigerian Senate that MTN Nigeria (MTNN) had illegally repatriated $13.92 billion out of Nigeria over a period of 10 years in collusion with a number of commercial banks.
MTNN chief executive Ferdi Moolman said: “The allegations made against MTNN are completely unfounded and without any merit.”
ANA
