Alleged money laundering: Senate seeks service of foreign experts to probe MTN

The Senate has hired international forensic lawyers, accountants and other experts to investigate the alleged repatriation of $13.9 billion by Telecoms company, MTN.

This was revealed by the chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Rufai Ibrahim while speaking to journalists in Abuja.

“The Senate sees this as very important, it is a weighty allegation and we are going to deal with a lot of documents spanning 16 years.

“Based on that we got the approval of the leadership of the Senate and we have engaged international and local forensic experts, accountants and lawyers.

“The team has been fully assembled and they have started working; this is not going to be a normal periphery investigation because it involves a lot of documents.

“We will be starting the investigative hearing tomorrow, we will listen to each one of them and we will take it from there,” he said.

Senator Dino Melaye had alleged that MTN in collision with some commercial banks had laundered $13.9 billion out of Nigeria in the last 10 years.

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