MTN illegally transferred "mind boggling" sum out of Nigeria: lawmaker

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The amount of money which South Africa's MTN Group is alleged to have illegally moved out of Nigeria is "mind boggling", a Nigerian lawmaker said on Thursday.

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"It is not what we can sweep under the carpet. We intend to get to the bottom of the fact, all of the fact, nothing but the fact," said Olusola Adeyeye, a senator, reading out a statement from Senate leader Bukola Saraki. He did not specify what the alleged amount might be.

He spoke at the start of a parliamentary hearing to investigate accusations that MTN transferred at least $14 billion out of Nigeria without observing the country's laws. The company has denied this.

(Reporting by Camillus Eboh; Writing by Alexis Akwagyiram; Editing by Ulf Laessing)