Telecoms

Nigeria says whistleblower triggered MTN $8.1bn probe

The office of Nigeria's attorney general said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions

The office of Nigeria's attorney general said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken out of Nigeria to be brought back.

Ladidi Mohammed, head of asset recovery, told Reuters in a phone interview that an investigation was then carried out by the central bank.

The South African telecoms giant in a statement issued on Tuesday said all dividend repatriation out of Nigeria was done on the basis of equity capital and with valid certificates.

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