MTN Nigeria complied with fund transfer rules in Nigeria and did not pay dividends until it obtained regulatory approvals to send money out of the country, denying allegations that it transferred $14 billion illegally, it said on Friday.
Telecom firm says it complied with funds transfer rules in Nigeria
The Nigerian Senate agreed to investigate whether MTN unlawfully repatriated $13.92 billion between 2006 and 2016
Recommended articles
The telecom firm said "certificates of capital importation" were requested for capital brought into Nigeria and that dividends were repatriated based on those investment, it said in a statement.
Nigeria's upper house of parliament last month agreed to investigate whether MTN unlawfully repatriated $13.92 billion between 2006 and 2016.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
2 students fall and die trying to take a selfie at waterfall
VP Shettima calls on academics to contribute to Nigeria's security, prosperity
Elon Musk threatens to suspend Twitter accounts involved in engagement farming
'Yahaya Bello' - Kogi parliament told to begin impeachment process of Gov Ododo
NCDC intervenes as 8 die, Sokoto's mysterious illness remains unidentified
He helps deprived Nigerians of all faiths - Obi's aide denies religious politics
Otu allocates ₦100m to improve school children's nutrition, learning, health
JAMB warns UTME candidates against sharing details with fraudsters
Ex-attorney general Adoke cleared of money laundering charges
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT