0
Wireless

MTN says complied with Nigerian capital controls

Monday 24 October 2016 | 10:54 CET | News
MTN Nigeria has denied transferring funds outside the country without official clearance. CEO Ferdi Moolman said that no dividends were declared or paid until the Certificates of Capital Importation (CCIs) were issued and finalised. The statement from the operator comes as the Nigerian Senate has stepped up an investigation into whether the South Africa-based company illegally repatriated funds generated in Nigeria. Moolman appeared at a Senate hearing on the matter, along with lenders on 20 October.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nigerian Senate withdraws report on MTN forex - report

Published 31 Jul 2017 14:48 CET | Nigeria
Nigeria's Senate has withdrawn a report that largely exonerated MTN of accusations of illegally repatriating USD 14 billion and ...

MTN Nigeria to forfeit NGN 8 bln over unlawful activity

Published 10 Jan 2017 08:10 CET | Nigeria
The Federal High Court in Lagos has ordered the temporary forfeiture of the sum of NGN 8 billion allegedly belonging to MTN ...

MTN Nigeria workers sacked in 2009 win 4 years' pay

Published 05 Dec 2016 09:45 CET | Nigeria
MTN Nigeria has been ordered to pay full four years' post-disengagement salaries to 63 workers who were made redundant by the ...

MTN Nigeria cuts number of expatriates on staff

Published 15 Nov 2016 11:19 CET | Nigeria
MTN Nigeria has reduced the number of expatriates working on its staff from over 300 in 2002 to eight in 2016, which represents a ...

MTN Nigeria grows customer base, revenues still lower

Published 24 Oct 2016 14:38 CET | Nigeria
MTN Nigeria reported a 2.5 percent sequential increase in its subscriber base to 60.5 million at the end of September. In its ...

Nigeria Senate holds hearing on MTN funds

Published 20 Oct 2016 09:46 CET | Nigeria
The Nigerian Senate has hired services of international forensic experts in the on-going probe of MTN and others accused of ...

MTN Nigeria denies claims of improper repatriation of funds

Published 28 Sep 2016 09:12 CET | Nigeria
MTN Nigeria has strongly denied allegations of improper repatriation of money out of Nigeria by the company. The Nigerian Senate ...

Senate probes MTN Nigeria on USD 12 bln repatriation claims

Published 26 Sep 2016 09:23 CET | Nigeria
Nigeria's Senate has agreed to investigate an allegation that MTN Nigeria repatriated USD 12 billion out of the country over a ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Amazon Q4 2019
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan FCC meeting
30 Jan The Things Conference
31 Jan KDDI fiscal Q3
::: More Calendar Items