Author: Gugu Lourie

Africa’s biggest mobile phone operator MTN on Monday reiterated its position on allegations that it improperly repatriated $14 billion out of Nigeria and describe it as unfounded and without merit. By Staff Writer MTN said in a statement that its Nigerian operation continues to refute the allegations that it had improperly repatriated funds from Nigeria. MTN issued a SENS announcement on 28 September 2016 in which MTN Nigeria’s CEO Ferdi Moolman refuted allegations made on the floor of the Senate that MTN Nigeria had improperly repatriated funds from Nigeria. Ferdi Moolman said that  “The allegations made against MTN Nigeria are completely unfounded…

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