This came as the shares of MTN Group plunged by 25 per cent to a nine-year low on Thursday, a day after the Nigerian arm of the business was ordered to return the funds that the Central Bank of Nigeria said was illegally repatriated with the help of its bankers.
The telecoms company through its Public Relations Manager, Funso Aina, on Thursday, acknowledged the receipt of a letter from the CBN regarding the allegations on August 29, 2018.
The company said it only declared and paid dividends with the Certificates of Capital Importation issued by its bankers with the approval of the CBN.
Post a Comment