The Senate on Thursday summoned the Central Bank of Nigeria, MTN Nigeria, the Financial Reporting Council of Nigeria, three commercial banks and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act.
The upper chamber of the National Assembly had instituted a probe into what it called the illegal transfer of $13.9bn by MTN from Nigeria to other countries between 2006 and 2016.
The Senate Committee on Banking, Insurance and Other Financial Institutions was mandated to carry out the probe by conducting an investigative hearing on the “unscrupulous violation of the Foreign Exchange (Monitoring and Miscellaneous) Act.”
The summons was contained in the “Notice of Appearance” issued by the Chairman of the committee, Senator Rafiu Ibrahim, to the affected organisations and individuals, and obtained by our correspondent.
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