MTN:  8,433   +51 (+0.61%)  19/11/2018 00:00

Nigeria says whistleblower triggered MTN $8.1 bln probe -official

ABUJA, Sept 4 (Reuters) - The office of Nigeria's attorney general said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken out of Nigeria to be brought back.

Ladidi Mohammed, head of asset recovery, told Reuters in a phone interview that an investigation was then carried out by the central bank.

The South African telecoms giant in a statement issued on Tuesday said all dividend repatriation out of Nigeria was done on the basis of equity capital and with valid certificates. (Reporting by Alexis Akwagyiram and Chijioke Ohuocha; Editing by Louise Heavens)

First Published: 2018-09-04 14:46:30
Updated 2018-09-04 15:15:57


© 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.