MTN back in hot water

28 September 2016 - 10:23
By Bloomberg

MTN has been accused by a Nigerian lawmaker of transferring $13.92-billion (about R187.3-billion) out of the country illegally - an allegation that could reignite acrimony between Africa's biggest cellular networks operator by sales and the government in its biggest market. The motion was proposed, under the Unscrupulous Violation of the Foreign Exchange Act, by Senator Dino Melaye, yesterday's Senate order-of-the-day showed.

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