MTN Group Accused Of Sneaking Nearly $14 Billion Out Of Nigeria

Published: Oct. 3, 2016, 7:25 a.m.

b'There\\u2019s blood in the water. Nigerian lawmakers are flexing their might with a confidence rarely seen in decades past\\u2014 at least as far as taking large corporates to task for flouting regulations.\\n\\nAccording to some media reports a member of the Nigerian Senate has put forward a motion for the house to investigate MTN Nigeria\\u2019s potential collusion with leading commercial banks to facilitate the illegal repatriation of funds over the last ten years. MTN is being accused of sneaking just under $14 billion out of the Nigerian market, and despite MTN\\u2019s official declarations of innocence, lawmakers have vowed to investigate the matter thoroughly. And so MTN\\u2019s season of reckoning continues.\\n\\nAlso in this week\\u2019s African Tech Round-up, net neutrality activists around the world are celebrating the USA handing over internet control to the Internet Corporation for Assigned Names and Numbers (ICANN) over the weekend. This happened in the wake of a US federal judge denying a last ditch request made by Republican Senator Ted Cruz and other politicians for an injunction to try and prevent the scheduled hand-over taking place over the weekend. Tune in for more on that story as well as more of the week\\u2019s leading headlines from across Africa and beyond.\\n\\nMusic Credits:\\nMusic by Kevin MacLeod (incompetech.com)\\nMusic licensed under Creative Commons: By Attribution 3.0'