Nigeria: Stanbic Ibtc Clarifies Position At MTN Senate Probe

24 October 2016

Stanbic IBTC Bank Plc has clarified the responses given by its Chief Executive Officer, Olayinka Sani, at a Senate committee hearing on the alleged illegal repatriation of funds by MTN.

According to the bank, Sani who spoke on behalf of the bank at the hearing, reiterated the fact that Stanbic IBTC was ready to cooperate fully with the Senate (as it had been doing with the Department of State Services, DSS) in ensuring that the truth in respect of the transactions done on behalf of MTN was unearthed.

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