• Senate to investigate MTN over alleged $12bn repatriation

    Senate to investigate MTN over alleged $12bn repatriation

    According to reports, the Senate on Thursday agreed to investigate an allegation that telecommunication giant, MTN Nigeria, repatriated 12 billion dollars out of the country over a 10-year period.

    The resolution followed a motion moved by Sen. Dino Melaye (APC-Kogi) who relied on a point of order to make the allegations.

    The Senate asked Melaye to present documents at the next legislative day showing evidence of the transfer for immediate investigation.

    Melaye had alleged that the South Africa-owned company had taken away over […]