September 28, 2016/SEC The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (Converged Dynamic International Limited). The Company embarked on a product tagged “Resources Investment Account” which offers interest rates on a short and medium term period to lure […]
Frauds & Scandals
MTN denies illegal transfer of $14 billion from Nigeria
September 28, 2016/Reuters By Camillus Eboh South Africa’s MTN on Wednesday denied allegations it illegally repatriated $13.92 billion from Nigeria, the latest setback for the telecoms firm in its biggest but increasingly problematic market. The upper house of Nigeria’s parliament agreed on Tuesday to investigate whether Africa’s biggest telecoms company […]
Nigerian lawmakers say to probe alleged MTN transfer of $13.9 bln
Tue Sep 27, 2016/Reuters Lawmakers in the upper house of Nigeria’s parliament agreed on Tuesday to investigate an allegation that South Africa’s MTN, Africa’s biggest telecoms company, illegally transferred $13.92 billion out of the West African country. MTN declined to comment on the decision of the Senate in Nigeria which, […]
