The Senate has 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.
Details later…
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