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Wireless

Citigroup denies role in illegal money transfer for MTN

Tuesday 25 October 2016 | 13:13 CET | News
Citigroup has denied being involved in any illegal foreign currency transfer on behalf of MTN Group, reports Reuters citing a presentation the US bank gave to the Nigerian parliament. Nigeria is investigating whether South African telecoms company MTN unlawfully repatriated USD 13.92 billion from Nigeria between 2006 and 2016. Citibank Nigeria said it was at no time involved in any illegal foreign currency repatriation on behalf of MTN Nigeria or any other customer.

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