How MTN moved Over $12bn Out of Nigeria - Dino Melaye Exposes

 

 

The entirety of the Senate of the Federal Republic of Nigeria was on Thursday stunned 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.

 

This is coming as the most populous nation in Nigeria struggles with the scathing hardship of economic recession which has forced the government to place restrictions on the outward flow of forex.

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.

 

Meanwhile, the South African multinational company which is currently paying a massive fine of $1.7 billion for failing to block unregistered sim cards in Nigeria was yet to respond to the allegations made by Mr. Melaye as at the time of filing this report.