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Senate Summons MTN Over $13.9bn Transfer

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/10/13
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Nigerian Senate on Thursday summoned the management of MTN Limited, their bankers and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act.

They are to appear before the Senate Committee on Banking, Insurance and Other Financial Institutions next week.

The Senate had begun a probe into the allegation that MTN repatriated a total sum of $13.9bn from Nigeria to other countries between 2006 and 2016.

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ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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