Thursday, 13 October 2016

Senate summons MTN, Stanbic IBTC, StanChart, Citi and Diamond Bank over $13.9bn transfer

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 has launched a probe into the allegation that MTN Nigeria repatriated […]

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