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MTN Commits $12bn Fraud In 10years – Nigerian Senator

Nigerian Senate alleged that MTN committed $12bn fraud in collaboration with four commercial banks in a period of 10 years. It plans to provide details on September 27


Nigerian Senator has on Thursday, alleged that MTN Nigeria is involved in gross money laundering in the tune of $12 billion.
Senator representing Kogi West, Senator Dino Melaye said this under order 42 of the Senate rule, adding that the telecoms company committed the fraud in collaboration with four commercial banks.
“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 said, according to daily Post.
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
The Senate was concerned that this is particularly alarming especially at the crucial moment when the nation is facing economic challenges, all hands must be on deck to recover every loot in the country.
Nigeria is in a precarious situation and now is the time to recover every stolen money in the country.

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