South African telecoms giant, MTN, on Wednesday denied the allegation that it illegally repatriated $13.92billion from Nigeria, saying the claim was without merit, Dailypost reports.
“The allegations made against MTN are completely unfounded and without any merit,” MTN Nigeria Chief Executive Ferdi Moolman, said in a statement in Johannesburg.
Nigeria’s Senate agreed on Tuesday to investigate the allegation that MTN, Africa’s biggest telecoms company illegally transferred money out of Nigeria.