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Senate Orders Probe Of Okechukwu Elenema, Four Banks Over Mtn’s $13.9B

THE Senate on Tuesday directed its Committee on
Banking, Insurance and Other Financial Institutions
to investigate the alleged illegal repatriation of
$13.9 billion by MTN through its bankers between
2006 and 2016 to its home country, South Africa.

So also did the Senate name the Minister in the
cabinet of President Muhammad Buhari and the four
banks alleged to have aided the alleged illegal
repatriation of the money.

According to Senator Dino Melaye, who raised the
motion, the deal was allegedly facilitated by the
Minister of Trade and Investment, Dr. Okechukwu
Elenemah.

The banks allegedly involved are said to be Stanbic
IBTC, Standard Chartered Bank, Citi Bank and
Diamond Bank.

http://www.socialtimesng.com/2016/09/senate-
orders-investigation-of-buharis-minister-four-banks-
in-mtns-13-9b-capital-outflow/


This post first appeared on HEADLINES, please read the originial post: here

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Senate Orders Probe Of Okechukwu Elenema, Four Banks Over Mtn’s $13.9B

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