• MTN denies illegal transfer of $14bn from Nigeria

    MTN denies illegal transfer of $14bn from Nigeria

    South Africa’s MTN has denied allegations it illegally transferred $13.9 billion from Nigeria with the collaboration of top officials, in the latest scandal to hit the telecoms company in its largest market on the continent.

    The Johannesburg-based firm is facing a parliamentary probe over accusations it connived with senior Nigerian officials to move the funds out of the country without complying with the law.

    A parliamentary source and local media said the funds were allegedly repatriated between 2006 and this year.

    “We would […]

  • Buhari seeks $14bn for restoration of Lake Chad

    Buhari seeks $14bn for restoration of Lake Chad

    President Muhammadu Buhari, on Tuesday called for global support for the cleanup of Ogoniland and to raise 14 billion US Dollars for the restoration of Lake Chad Basin.

    The president made the call while presenting Nigeria’s statement at the 71th session of the United Nations General Assembly in New York, U.S.A.

    He said the call had become imperative in view of the drying up of the Lake Chad due to the negative consequences of Climate Change.

    He said, “Nigeria is proud to have […]