Senate To Probe MTN's Transfer Of $13.9Billion - Politics

Senate To Probe MTN's Transfer Of $13.9Billion - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Senate To Probe MTN's Transfer Of $13.9Billion (8021 Views)

Senate To Probe MTN's Transfer Of $13.9Billion by Adeyeancah(op): 6:43pm On Sep 27, 2016

Lawmakers in the Nigerian Senate have agreed to investigate an allegation that MTN Nigeria illegally transferred 13.92 billion dollars out of the country through its bankers between 2006 and 2016.

The move comes as Nigeria, Africa’s biggest economy, faces recession for the first time in more than 20 years.

The investigation threatens to raise tensions between Nigeria and the South African firm just three months after MTN agreed to pay a reduced fine of 330 billion naira in a settlement with the government over unregistered sim cards.

MTN is the largest mobile phone operator in Africa and Nigeria accounts for around one third of the company’s revenues.

Its shares were down by 4.20 percent, at 1:46 pm local time on the Johannesburg Stock Exchange on Tuesday.

http://www.channelstv.com/2016/09/27/senate-to-probe-mtns-alleged-transfer-of-13-9-billion/

Re: Senate To Probe MTN's Transfer Of $13.9Billion by veacea: 7:07pm On Sep 27, 2016

Hope it won't be like the previous probes

2 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by richidinho(m): 8:37pm On Sep 27, 2016*

You guyz have forgotten the famous *555*1*pin? In every recharge ones made Obj has one naira

They were assisting OBJ to launder that money to south africa

5 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by weblord1900: 9:43pm On Sep 27, 2016

Re: Senate To Probe MTN's Transfer Of $13.9Billion by maxti: 8:01am On Sep 28, 2016

Hmmm

This Govt. Is bent on generating funds by any means...
.

2 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by steppin: 8:02am On Sep 28, 2016

The investigation is gonna start on a good note, until money changes hands.
Then like every case they have investigated since the beginning of this administration, it'll die a slow and painless death.

6 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by Proffdada: 8:02am On Sep 28, 2016

All I see is a case of "ọmọnilẹ "

1 Like

Re: Senate To Probe MTN's Transfer Of $13.9Billion by Nobody: 8:02am On Sep 28, 2016

Mtn again?

Btw,can someone tell me what d money mtn paid as fine was (or is being) used for becos...

1 Like

Re: Senate To Probe MTN's Transfer Of $13.9Billion by WowSweetGuy(m): 8:02am On Sep 28, 2016

Govt eyes on foreign investors...They want to kip enriching themselves and doing nothing significant in using these acquired money to help d masses..Rulers not Leaders...Impeach all plz

1 Like

Re: Senate To Probe MTN's Transfer Of $13.9Billion by danielblessing(m): 8:02am On Sep 28, 2016

Nigeria (

Meanwhile
http://www.naijaonlinebiz.com/10-reasons-why-you-are-not-making-money-online/

Re: Senate To Probe MTN's Transfer Of $13.9Billion by opalu: 8:03am On Sep 28, 2016

Unclean senate wants to clean up uncleanliness

2 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by nijanigga: 8:03am On Sep 28, 2016

professional looters investigation money transfer, MTN be careful before they pillage your money, we call them sena-looters.

Re: Senate To Probe MTN's Transfer Of $13.9Billion by tspun(m): 8:03am On Sep 28, 2016

Everything we do, every thought we've ever had, is produced by the human brain. But exactly how it operates remains one of the biggest unsolved mysteries, and it seems the more we probe its secrets, the more surprises we find. This government is full of surprises. Sometimes I wonder if they don't think at all.

Re: Senate To Probe MTN's Transfer Of $13.9Billion by cuteboy2: 8:05am On Sep 28, 2016

MTN is a slimy company. From bribing Buhari's Chief of Staff, Abba Kyari to reduce the fine, to money laundering.

MTN's financial transactions in Nigeria should be thoroughly investigated.

1 Like 1 Share

Re: Senate To Probe MTN's Transfer Of $13.9Billion by benjamin007: 8:08am On Sep 28, 2016

Bleep

Re: Senate To Probe MTN's Transfer Of $13.9Billion by 5starmilitant: 8:08am On Sep 28, 2016

cuteboy2:
MTN is a slimy company. From bribing Buhari's Chief of Staff, [b]Abba Kyari [/b]to reduce the fine, to money laundering.

MTN's financial transactions in Nigeria should be thoroughly investigated.

Even with all the glaring evidences against abba kyari, magu and his disciples no fit even freeze his account. But they were quick to freeze a siting governor's own.

2 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by benjamin007: 8:09am On Sep 28, 2016

Buhari needs this

4 Likes 1 Share

Re: Senate To Probe MTN's Transfer Of $13.9Billion by seguno2: 8:12am On Sep 28, 2016

Despite this and other trillions recovered loot, president Buhari is still borrowing money and taking LOANS.
Does he want to STEAL our money or what?
I could have asked the phonetic speaking finance minister but she will surely tell us that she is GUESSING.
Such a bunch of jokers.

4 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by banio: 8:16am On Sep 28, 2016

Nigeria needs to enforce our laws. If we have a law stipulating what percentage of a company's profit that can be transferred out of the con3, then company's must comply. They can't be allowed to ruin our belove con3.

The truth is that we need leaders in this con3. God please send us Moses and Joshua

Re: Senate To Probe MTN's Transfer Of $13.9Billion by frisky2good(m): 8:17am On Sep 28, 2016

When the government decided to fine MTN, didn't they realize it would damage trust? MTN took the money away so that there will be no money to lose if the government decided to freeze their accounts. When you are dealing with intelligent foreigners, you don't handle them like Nigerian businessmen that only make it by settling everybody. The money they took away is theirs, not FG money so why all this noise?

3 Likes

Re: Senate To Probe MTN's Transfer Of $13.9Billion by Mboi: 8:18am On Sep 28, 2016

cuteboy2:
MTN is a slimy company. From bribing Buhari's Chief of Staff, Abba Kyari to reduce the fine, to money laundering.

MTN's financial transactions in Nigeria should be thoroughly investigated.

Don't mind them. Upon all the money they make, they have a larger part of their staff as contract. As if that is not enough, they have handed over all their call center agents to ISON Bpo which is an Indian call center management company in Ibadan, Abeokuta and Ilorin and their salaries have been reduced to N48k.

Re: Senate To Probe MTN's Transfer Of $13.9Billion by pointstores(m): 8:26am On Sep 28, 2016

Re: Senate To Probe MTN's Transfer Of $13.9Billion by richidinho(m): 8:34am On Sep 28, 2016

Re: Senate To Probe MTN's Transfer Of $13.9Billion by Jabioro: 8:35am On Sep 28, 2016

I don't know what they trying to figure/ achieve by investigating someone fund..it is not government money..or did any organizations complain that MTN had wrongly took their fund ? I beg let them find something reasonable to do with our precious time ,money and positions we have offered them with tears and blood instead of pursuing shadows...

Re: Senate To Probe MTN's Transfer Of $13.9Billion by abhosts(m): 8:36am On Sep 28, 2016

Would They also probe the Billions of Dollars MTN Moved into Nigeria to Invest and Expand?

So they Want MTN to just Invest and Receive no Returns?

Re: Senate To Probe MTN's Transfer Of $13.9Billion by imoh070: 8:37am On Sep 28, 2016

Is MTN not a private firm,How is it FG business of how there carry out there transact...they just looking for loop holes to extort money from this people...nawa o

Re: Senate To Probe MTN's Transfer Of $13.9Billion by ideology(m): 8:38am On Sep 28, 2016

So MTN have paid 330 Billion, yet Nigeria is broke and buhari is running around borrowing money for the future generation to pay back- Ngeneukwenu, Goke7, Goke, Dropshot, passingshot

Some people are tried of commenting and defending hypocrites grin

firefire see your friends

Re: Senate To Probe MTN's Transfer Of $13.9Billion by darocha1: 8:40am On Sep 28, 2016

kontinu. till you chase them out and worsen the economy

Re: Senate To Probe MTN's Transfer Of $13.9Billion by alizma: 8:42am On Sep 28, 2016

maxti:
Hmmm

This Govt. Is bent on generating funds by any means...
.

the question is do they actually did that?
comments like yours constitute reasons why the elder will hardly believe that the nation will be safe in the hands of Youths.

Re: Senate To Probe MTN's Transfer Of $13.9Billion by geostrata(m): 8:46am On Sep 28, 2016*

DEM NO DY TIRE TO DECEIVE THEMSELVES...YOU NEVER PROBE UR OWN MONEY WEY SEN JUBRIL PAD FOR BUDGET...NA ANOTHER MAN MONEY YOU DY PROBE.....................LAST LAST GOD WILL PROBE THIS GOVERNMENT FOR INFLICTING HARDSHIP ON NIGERIANS angry

Re: Senate To Probe MTN's Transfer Of $13.9Billion by Chanchit: 8:47am On Sep 28, 2016

Pls, who owns the money? fed govt or mtn

1 2 Reply

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