September 19, 2018 / 7:08 PM / a month ago

Nigeria's cbank says reviewing information to resolve $8.1 bln MTN repatriation

ABUJA, Sept 19 (Reuters) - Nigeria’s central bank is reviewing information provided by MTN and four banks accused of helping the South African telecoms company to illegally repatriate $8.1 billion with a view to reaching an equitable resolution, it said on Wednesday.

In a statement, Nigeria’s financial regulator said it will continue to welcome foreign investments, and that sanctions imposed on the banks were not designed to restrict access to investor returns. (Reporting by Camillus Eboh; Writing by Alexis Akwagyiram; editing by John Stonestreet)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below