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Banks seeks probe into Etisalat Nigeria

Thursday 22 June 2017 | 14:20 CET | News
A consortium of thirteen banks, involved in Etisalat Nigeria's USD 1.2 billion loan, is seeking the government's intervention to investigate management, reports CommunicationsWeek, citing a management source close to the banks. The source said the banks want the government, through the Economic and Financial Crimes Commission (EFCC), to wade into the matter, by investigating what the company did with the loan. The source alleged that the loans were siphoned and needed to be investigated by the EFCC, noting, there was no proof of what the company did with the loan.

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Categories: Mobile & Wireless
Companies: Etisalat Nigeria
Countries: Nigeria
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