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Tuesday, 25 December 2018

Alleged illegal $8.1 billion repatriation – MTN to pay $53m as settlement for CBN CCI dispute

Alleged illegal $8.1 billion repatriation – MTN to pay $53m as settlement for CBN CCI dispute

The Central Bank of Nigeria has agreed to accept $53 million offer from South African telecom giants, MTN after both parties reached a settlement on the issue of the $8.1 billion that was allegedly illegally repatriated from the country. In August, the apex bank had fined Citibank, Diamond Bank, Stanbic IBTC Nigeria and Standard Chartered

Read more Alleged illegal $8.1 billion repatriation – MTN to pay $53m as settlement for CBN CCI dispute

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