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Central Bank of Nigeria orders MTN, banks to refund USD 8 bln in repatriations

Thursday 30 August 2018 | 11:14 CET | News
The Central Bank of Nigeria has ordered Citigroup, Standard Chartered, Stanbic IBTC Holdings and Diamond Bank to refund more than USD 8 billion it says was illegally expatriated by MTN Group over the eight years to 2015, Bloomberg reported. MTN was also ordered to participate in the refund. None of the lenders commented immediately, and MTN could not immediately be reached, according to the news agency.

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Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
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