{"id":138309,"date":"2016-09-28T09:00:34","date_gmt":"2016-09-28T07:00:34","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=138309"},"modified":"2016-09-28T09:01:01","modified_gmt":"2016-09-28T07:01:01","slug":"mtn-nigeria-refutes-allegations-of-improper-repatriation-of-funds","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/138309\/mtn-nigeria-refutes-allegations-of-improper-repatriation-of-funds\/","title":{"rendered":"MTN Nigeria refutes allegations of improper repatriation of funds"},"content":{"rendered":"<p>MTN Nigeria is facing <a href=\"http:\/\/mybroadband.co.za\/news\/business\/180864-mtn-faces-fresh-allegations-in-nigeria.html\" target=\"_blank\"><strong>fresh allegations of misconduct<\/strong><\/a> with authorities accusing the operator of illegally moving $14 billion (R189.8 billion) out of the country.<\/p>\n<p>Dino Melaye, the politician who made the motion, accused MTN of repatriating the money over a period of 10 years beginning in 2006, with the help of four different banks.<\/p>\n<p>\u201cThe reports refer to allegations made on the floor of the Senate that MTN had illegally repatriated $13.92 billion out of Nigeria over a period of 10 years in collusion with a number of commercial banks,\u201d MTN said in a press statement.<\/p>\n<p>MTN Nigeria has strongly refuted allegations of improper repatriation of funds. \u201cThe allegations made against MTN are completely unfounded and without any merit,\u201d said MTN Nigeria CEO, Ferdi Moolman.<\/p>\n<h3 class=\"my-4\">More on MTN<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/138255\/mtn-facing-fresh-allegations-of-misconduct-in-nigeria\/\" target=\"_blank\"><strong>MTN facing fresh allegations of misconduct in Nigeria<\/strong><\/a><\/p>\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.<\/p>\n","protected":false},"author":10,"featured_media":9258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,28],"class_list":["post-138309","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\/138309","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=138309"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/138309\/revisions"}],"predecessor-version":[{"id":138313,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/138309\/revisions\/138313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/9258"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=138309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=138309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=138309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}