MTN denies illegal transfer of $14 billion from Nigeria - Eyewitness News

ABUJA - South Africa's MTN on Wednesday denied allegations it illegally repatriated $13.92 billion from Nigeria, the latest setback for the telecoms firm in its biggest but increasingly problematic market. The upper house of Nigeria's Parliament agreed ...and more »

MTN refutes claims of repatriating billions from Nigeria - South African Broadcasting Corporation

In a statement, the chief executive officer of MTN Nigeria, Ferdi Moolman, said the allegations are baseless. (SABC). Tags: Gauteng · Johannesburg · MTN · Unregistered mobile phones · Ferdi Moolman · Morafe Tabane · MTN has refuted claims that it ...and more »

Nigerian lawmakers to probe 'illegal' MTN transfer of $13.9 bln - Times LIVE

The logo of MTN telecommunication company is seen printed on a umbrella at a call point along a road in Lagos, Nigeria. Image by: Akintunde Akinleye / REUTERS. Lawmakers in the upper house of Nigeria's parliament agreed on Tuesday to investigate an ...and more »

MTN says claims that it illegally repatriated money from Nigeria are 'unfounded' - SowetanLIVE

MTN on Wednesday denied allegations “of improper repatriation of money out of Nigeria by the company”. Related articles. MTN South Africa appoints new COO · Businessman Romeo Kumalo believes data prices can be reduced, calls on government to act ...and more »

Y'ello, goodbye? MTN's Nigerian nightmare - Daily Maverick

MTN's Nigerian business has been fabulously profitable for the South African company. But that same success has made it an obvious, bright yellow target for Nigerian officials and regulators, who don't always like what they see. By SIMON ALLISON.and more »

MTN is in trouble again after allegations it illegally moved billions of dollars out of Nigeria - Quartz

Africa's largest mobile provider is facing allegations that it has illegally moved $14 billion out of Nigeria. According to reports by Bloomberg and Nigerian newspaper Premium Times, lawmakers in Nigeria's senate have accused MTN of moving money out of ...and more »

MTN shares fall amid new claims that it moved $14bn from Nigeria illegally - DestinyMan

Africa's biggest network operator once again finds itself in the hot seat after claims levelled by Nigeria's senate on Tuesday accuse MTN of illegally moving funds totalling R14 billion (R188 billion) out of the country over the past decade. According ...and more »

MTN says claims it illegally repatriated money from Nigeria 'unfounded' - Times LIVE

Analysts expressed doubts about the veracity of the claims and how this had gone undetected for such a long time‚ especially since the Nigerian authorities had tight controls on foreign exchange. File photo. Image by: AFP ...and more »

MTN denies claims it moved billions of rands from Nigeria - Eyewitness News

The firm's Nigeria CEO Ferdi Moolman said the allegations are completely unfounded and without any merit. MTN Logo. Picture: Facebook. MTN · MTN in Nigeria. Email; Print; Tweet · Share · Mashudu Masutha | 6 months ago. JOHANNESBURG - Mobile ...and more »

Nigeria's government accuses MTN of mafia style money laundering of $14 billion - Technology Zimbabwe

In November 2015 the African telecoms industry was shaken up by the Government of Nigeria's decision to fine MTN a staggering $5,2 billion for failing to disconnect up to five million unregistered SIM cards in that country. Just three months ago the ...and more »