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Melaye Expose How MTN Moved Over $12bn Out Of Nigeria - Business - Nairaland

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Melaye Expose How MTN Moved Over $12bn Out Of Nigeria by Colydatom(m): 3:49pm On Sep 22, 2016
The Senate of the Federal Republic of Nigeria was on Thursday shocked when the Senator representing Kogi West, Senator Dino Melaye revealed that the frontline communication company in Nigeria; MTN Nigeria has been involved in gross money laundering.

Senator Melaye who made the disclosure under order 42 of the Senate rule was particularly pained, saying that at the crucial moment when the nation is facing economic challenges, all hands must be on deck to recover every loot in the country.

“We are in a precarious situation and now is the time to recover every stolen money in the country,” he said.

Speaking further, Senator Melaye revealed that, “between 2006 and 2016, the MTN Nigeria, in collaboration with 4 commercial banks and with the help of a serving Minister, has moved over $12bn out of this country”.

He also disclosed that if given the opportunity, he would move the substantive motion in the next legislative day, with concrete evidences.

Ruling on the point of order, the Senate President, Dr. Bukola Saraki granted Dino Melaye the privilege of moving the substantive motion during the senate plenary of Tuesday 27th September.More: http://newsherald.com.ng/2016/09/melaye-expose-mtn-moved-12bn-nigeria/
Re: Melaye Expose How MTN Moved Over $12bn Out Of Nigeria by HungerBAD: 3:51pm On Sep 22, 2016
From Dino?

How credible is this?especially since he is trying to pin it on a Serving Minister.

This man has been placed in a political wilderness in the APC,and he wants to start a roforofo fight with his imaginary enemies.


Re: Melaye Expose How MTN Moved Over $12bn Out Of Nigeria by IVORY2009(m): 3:52pm On Sep 22, 2016
This melaye self shocked
Re: Melaye Expose How MTN Moved Over $12bn Out Of Nigeria by Myself2(m): 5:23pm On Sep 22, 2016
Now lemme do some math here ...........

2006 to 2016 is 10 years, $12 billion dollars in ten years is $1.2 billion/year

So all Dino Melaye needs to prove is that MTN did not record yearly profits in excess of that figure for the corresponding years and at the prevailing exchange rates at the time,cos if they did,they have every right to legitimately repatriate a portion of their earnings to the parent country ,SA

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