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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.

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