The Central Bank of Nigeria had ordered MTN and four banks to refund the sum of U.S.$8.1 billion alleged to have been illegally repatriated out of the country between 2007 and 2008. The Central Bank Governor Godwin Emefiele has said that the money paid by MTN was a "notional sum" and that the company has been absolved from any wrongdoing.
Questions, As Emefiele Announces How Central Bank, MTN Settled
Premium Times, 23 January 2019
Nigeria's central bank on Tuesday reversed itself and settled for an N19.5billion 'notional settlement' with MTN Communications Nigeria Limited over the controversial repatriation… Read more »
MTN Has Paid $53 Million to Settle Nigeria Dispute - Central Bank
Guardian, 23 January 2019
The Central Bank of Nigeria (CBN) has said that the telecommunications firm, MTN, has paid the $53 million to settle money transfer dispute with it. Read more »
Emefiele Insists Economy On Track, MPC Retains 14 Percent Interest Rate
This Day, 23 January 2019
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has allayed fears over the shape of the economy, insisting that using prevailing performance, the nation's… Read more »
MTN, CBN Settle Out of Court
This Day, 11 January 2019
Following the resolution of the dispute between MTN Nigeria Limited and the Central Bank of Nigeria (CBN), Justice Saliu Saidu of the Federal High Court in Lagos yesterday accepted… Read more »
South Africa's MTN and Nigeria's Central Bank have been locked in a dispute over the company's transfer of funds, which the bank said was sent abroad in breach of foreign exchange ... Read more »
A Lagos judge has adjourned a hearing in an U.S.$8.1 billion dispute between telecoms firm MTN and Nigeria's Central Bank until 12 December, after lawyers said they wanted to ... Read more »
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