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Senate to debate removal of $12bn by MTN illegally out of Nigeria



Senate will next Tuesday consider motion on illegal removal of $12 billion by Mobile Telecommunications Nigeria, MTN, in connivance with serving Minister of Federal Republic of Nigeria ‎and four commercial banks.

Senator Dino Melaye, who raised the issue at the plenary session on Thursday,  ‎accused MTN of removing $12 billion from Nigeria illegally.

He said the fraud was perpetuated under the period of 10 years by the communications company.

Senators were visibly angry when the issue was raised by Senator Melaye on the floor of the Senate.

‎Melaye said:”I seek the indulgence of this House to move that after this short presentation, this matter be allowed to be taken on the next legislative day. My respected colleagues, MTN Nigeria paid a sum of 284.9 million dollars on the 6th of February, 2001 to purchase their licence of operations in this country.

“I want to say with facts which, by the grace of God, I will make available on the next legislative day if this motion is allowed to all senators to see evidence that between 2006 and 2016 through four Nigerian Banks and indeed a serving Minister of the Federal Republic of Nigeria and some other fraudulent Nigerians.

“MTN has moved over 12 billion dollars out of Nigeria and that is about half of our external reserves. If I get the nod of the Senate, I will want to bring a substantive motion on Tuesday the next legislative day with substantiated facts to buttress this position”.

After the submission of Melaye, Senate President Bukola Saraki deferred the matter till next legislative day, which is Tuesday.

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