• MTN debunks $13bn repatriation allegation by Nigerian Senate

    MTN debunks $13bn repatriation allegation by Nigerian Senate

    Telecoms giant MTN has denied allegations that it illegally repatriated $13.92 billion out of Nigeria over a period of 10 years.

    The allegation was made on the floor of the Nigerian senate on Tuesday by Dino Melaye, the senator representing Kogi west.

    In a brief statement issued on Wednesday, Ferdi Moolman, the CEO of MTN Nigeria, said the allegation lacks “any merit”.

    According to Moolman, “The allegations made against MTN are completely unfounded and without any merit”.

    MTN has been having a rough patch […]