MTN: 8,005 +188 (+2.41%)
Nigeria central bank debits Standard Chartered $7.9 mln after moving MTN funds -sources
ABUJA, Sept 6 (Reuters) - Nigeria's central bank has debited
Standard Chartered 2.4 billion naira ($7.86 million) after it
fined the lender for helping South Africa's telecoms firm MTN to
move funds abroad, two sources told Reuters on Thursday.
Standard Chartered, alongside Citibank Stanbic IBTC Bank and
Diamond Bank, was fined last week after the central bank said it
moved a total of $8.1 billion abroad with improper certificates
for telecoms giant MTN.
Standard Chartered has denied any wrongdoing.
($1 = 305.20 naira)
(Reporting by Chijioke Ohuocha and Paul Carsten
Editing by Alexis Akwagyiram and Kirsten Donovan)
First Published: 2018-09-06 15:38:41
Updated 2018-09-06 15:50:35
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.