Senate Probe: CBN Orders Banks to Suspend Payment of MTN Dividends

Senate Probe: CBN Orders Banks to Suspend Payment of MTN Dividends

The Central Bank of Nigeria (CBN) has ordered the suspension of MTN Group dividend payment from the Nigerian subsidiary of the telecommunications giant, until further notice. In a quarterly update to shareholders, MTN Group said it was not guilty of the illegal repatriation charges levelled against it by the Nigerian Senate, stating that the claims […]
Source: Senate Probe: CBN Orders Banks to Suspend Payment of MTN Dividends

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post culled from thisdaylive