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Central Bank of Nigeria debits bank accounts for helping MTN to repatriate funds

Monday 10 September 2018 | 09:26 CET | News
The Central Bank of Nigeria has debited NGN 2.4 billion in fines from Standard Chartered and NGN 1.2 billion from Citigroup for allegedly helping MTN move funds abroad, Reuters reported. The central bank normally debits the accounts of banks when it imposes a fine, or to implement aspects of its monetary policies, such as cash reserve requirements. 

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Categories: Mobile & Wireless
Companies: MTN
Countries: Nigeria
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