MTN’s $13.9bn: Senate Orders Investigation Of Buhari’s Minister And Four Banks

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.

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  • Justice Elmer

    Let’s wait and watch as things unfold

  • Justice Elmer

    Corruption has eaten deep into our veins

  • Justice Elmer

    MTN too… Na wah o..

  • emekachilaka

    hehe only bad news we get every day

  • Cornel Nwankwo

    Corruption at its peak
    God save Nigeria

  • kayode akinsanya

    Hmmmm….we’re waiting and watching how it will end

  • Gbese re o

  • Mezzy Gilbert

    We hv bunch of thieves as ministers, lawmakers,smh

  • Mezzy Gilbert

    I no fit shout

  • WillieBravo


    • Justice Elmer


  • IG: Jiafid

    When will all this corruption minimize

  • Olovo Obinna

    Level of corruption in this country….all of them in Abuja, ,they are all bunch of sophisticated criminals…..

    • IG: Jiafid

      I tell you they are just too much

    • Justice Elmer

      Hardened as well..