Nigeria: $8 Billion 'Illegal' Repatriation - Nigerian Govt, MTN Settle Out of Court

10 January 2019

The Nigerian government and mobile telecommunications firm, MTN, have reached an out-court-settlement in a suit filed by government lawyers accusing the company of illegally repatriating $8.1 billion out of the country, lawyers told a federal court Thursday.

The Central Bank of Nigeria had accused the South African company of illegally moving the funds in contravention of foreign exchange regulations.

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