MTN’s $13.9bn: Senate Orders Investigation Of Buhari’s Minister And Four Banks
THE Senate on Tuesday directed its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illegal repatriation of $13.9 billion by MTN through its bankers between 2006 and 2016 to its home country, South Africa.
So also did the Senate name the Minister in the cabinet of President Muhammad Buhari and the four banks alleged to have aided the alleged illegal repatriation of the money.
According to Senator Dino Melaye, who raised the motion, the deal was allegedly facilitated by the Minister of Trade and Investment, Dr. Okechukwu Elenemah.
The banks allegedly involved are said to be Stanbic IBTC, Standard Chartered Bank, Citi Bank and Diamond Bank.