South African telecoms
giant MTN on Wednesday denied an allegation that it had illegally repatriated US$13.92
billion from Nigeria, saying the claim was without merit.
Reuters
report continues:
Lawmakers
in the upper house of Nigeria's parliament agreed on Tuesday to investigate the
allegation that MTN, Africa's biggest telecoms company, illegally transferred
the money out of the West African country.
"The
allegations made against MTN are completely unfounded and without any
merit," MTN Nigeria chief executive Ferdi Moolman said in brief statement.
The
allegation threatens to raise tensions between Nigeria and MTN just three
months after the South African firm agreed to pay a reduced fine of ₦330
billion in a settlement with Abuja over unregistered SIM cards.
MTN
is the largest mobile phone operator in Nigeria, which accounts for around one
third of the company's revenues. The company had threatened to pull out of
Nigeria during the dispute over unregistered SIM cards.
MTN shares fell more than 3
percent on Tuesday.
No comments:
Post a Comment