Nigerian politician Dino Melaye has accused mobile network provider MTN of illegally transferring about 14 billion US dollars in funds outside the country.
CEO for MTN in Nigeria, Ferdi Moolman, has released a statement saying these allegations are completely unfounded and without any merit.
Tech Central editor, Duncan Mcleod, says the Nigerian government is putting a lot of pressure on MTN and it seems like politicians are targeting MTN because they do not like the cellular company.
The government in Nigerian is under a lot of pressure at the moment, the collapse of the world prices over the last 13 months or so has put a dent on government.— Duncan Mcleod, Tech Central editor
Government is under a lot of pressure to raise revenues in any way it can.— Duncan Mcleod, Tech Central editor
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The allegation follows MTN's agreement with Nigerian government to pay a R25 billion fine after it missed the deadline to disconnect 5.1-million unregistered sim cards in the country.