Senate committee on banking, insurance and other financial institutions has invited MTN, Nigeria's trade minister and four lenders to appear at an "investigate hearing" on Oct. 20 over the alleged illegal transfer of $14 billion out of the country.
The four lenders invited to appear before the senate committee were Stanbic IBTC Bank, Standard Chartered Bank, Citibank and Diamond Bank, the senate committee chairman said in a statement on Thursday.
MTN and Nigeria's Trade Minister Okechukwu Elenemah have denied any wrongdoing.
Citi and Diamond Bank declined to comment on Thursday. A spokesman for Stanbic was unavailable and Standard Chartered said it would cooperate fully with law enforcement agencies.
Senate Summons MTN, Others over Alleged Illegal Transfer of $14Bn
Comms Week13 Oct 20160 Comments
Senate committee on banking, insurance and other financial institutions has invited MTN, Nigeria's trade minister and four lenders to appear at an "investigate hearing" on Oct. 20 over the alleged…
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Comms Week
Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.
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