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Central Bank of Nigeria to meet MTN lenders over USD 8 bln fund transfer - report

Friday 9 November 2018 | 14:00 CET | News
Central Bank of Nigeria representatives were due to meet four lenders to MTN Nigeria on 09 November to discuss a dispute over a USD 8.1 billion fund transfer, Reuters reported citing a banking source. The Central Bank emailed invitations on 08 November to the Nigerian heads of Standard Chartered, Citibank, Stanbic IBTC Bank and Diamond Bank to attend a meeting the next day, the source said. The central bank has accused South Africa-based MTN of violating currency regulations by sending USD 8.1 billion abroad, and in August ordered it and its banks to repatriate the funds. 

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