{"id":138255,"date":"2016-09-27T16:35:43","date_gmt":"2016-09-27T14:35:43","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=138255"},"modified":"2016-09-27T16:35:43","modified_gmt":"2016-09-27T14:35:43","slug":"mtn-facing-fresh-allegations-of-misconduct-in-nigeria","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/138255\/mtn-facing-fresh-allegations-of-misconduct-in-nigeria\/","title":{"rendered":"MTN facing fresh allegations of misconduct in Nigeria"},"content":{"rendered":"<p>MTN\u00a0Nigeria\u00a0is facing fresh allegations of misconduct with authorities accusing the operator of illegally moving $14 billion (R189.8 billion) out of the country, <strong><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-27\/nigerian-mp-mtn-illegally-moved-13-92-billion-from-country\" target=\"_blank\">Bloomberg reported<\/a><\/strong>.<\/p>\n<p>Dino Melaye, the politician who made the motion,\u00a0accused MTN of repatriating the money\u00a0over a period of 10 years beginning\u00a0in 2006, with the help of four different banks.<\/p>\n<p>The accusation comes just\u00a0over three months after MTN agreed to pay a 330 billion naira (R14 billion) fine, and agreeing to list its local division\u00a0on the Nigerian\u00a0stock exchange <strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/161630-mtn-deal-in-nigeria-close-report.html\">for missing a deadline to disconnect 5.1 million unregistered SIMs<\/a><\/strong> from its network.<\/p>\n<p>Nigeria\u2019s telecommunications regulator also recently blocked MTN\u2019s\u00a0bid\u00a0to\u00a0take over the frequency spectrum of Visafone, which it agreed to buy in January, Bloomberg reported.<\/p>\n<p>The Nigerian senate\u00a0said that the \u201cweighty allegations\u201d regarding MTN secretly moving funds offshore would be investigated thoroughly by the committee on Banking, Insurance, and other Financial Institutions.<\/p>\n<h3 class=\"my-4\">More on\u00a0 MTN Nigeria<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/132591\/mtn-spent-r1-3-billion-on-professional-services-to-negotiate-nigeria-fine\/\" target=\"_blank\"><strong>MTN spent R1.3 billion on \u2018professional services\u2019 to negotiate Nigeria fine<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/131728\/mtn-reveals-when-it-plans-to-list-in-nigeria\/\" target=\"_blank\"><strong>MTN reveals when it plans to list in Nigeria<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/130638\/nigeria-fine-deals-massive-blow-to-mtn\/\" target=\"_blank\"><strong>Nigeria fine deals massive blow to MTN<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN Nigeria is facing fresh allegations of misconduct with authorities accusing the operator of illegally moving $14 billion (R189.8 billion) out of the country, Bloomberg reported.<\/p>\n","protected":false},"author":31,"featured_media":13540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,28],"class_list":["post-138255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/138255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=138255"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/138255\/revisions"}],"predecessor-version":[{"id":138257,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/138255\/revisions\/138257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/13540"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=138255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=138255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=138255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}