SENATE has decided to investigate MTN Nigeria for allegedly taking out $12 billion from the country’s economy within 10 years. The senate took the decision after Dino Melaye, lawmaker representing Kogi west senatorial district, moved a motion at plenary on Thursday. While moving the motion, Melaye alleged that between 2006 and 2016, MTN used four Nigerian banks and a then serving minister to move the said sum out of the country. “My respected colleagues, MTN Nigeria paid a sum of $284.9 million on the 6th of February, 2001 to purchase their licence of operations in this country,” he said. “Between 2006 and 2016, through four Nigerian banks and a serving minister of the Federal Republic of Nigeria, MTN moved over $12 billion out of Nigeria. That is about half of our external reserves. “If I get the nod of the senate I will want to bring a substantive motion on the next legislative day with substantiated facts to buttress this position.” . Courtesy: Agency report
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