Africa MTN might have illegally transferred over $14 billion from Nigeria: report

MTN might have illegally transferred over $14 billion from Nigeria: report

mtn-groupShares in MTN Group (MTNJ.J) slid more than 2 percent in mid-morning trade on Thursday after Bloomberg reported Africa’s biggest mobile phone operator might have illegally moved more than $14 billion out of Nigeria.

Bloomberg cited a Nigerian senator, Dino Melaye, who referred to early findings of an investigation into the allegation that MTN illegally moved the cash out of the oil producing country. MTN has denied the accusations.

Previous articleMozambique opposition Renamo, government resume peace talks: state media
Next articleScottish government publishes draft bill for second independence referendum