MTN Confirms EFCC Investigation Over Listing On NSE

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MTN Nigeria Communications Plc on Saturday said that it was being investigated by the Economic and Financial Crimes Commission (EFCC) over listing of its shares on the Nigerian Stock Exchange (NSE).

A statement posted on the exchange web site signed by MTN Nigeria Communications, Company Secretary, Uto Ukpanah confirmed the investigation.

The statement said that the company received a letter on May 23, from EFCC requesting information and documentation related to the listing of our shares on the NSE.

“MTN Nigeria has not been accused of any wrong doing by the EFCC.

“We wish to reiterate that we received all regulatory approvals required to list our shares on the NSE, as publicly confirmed by NSE and the Securities and Exchange Commission (SEC).

“As a law abiding and responsible corporate citizen, we are cooperating fully with the authorities.

” We are committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria,” said the…



Source: Leadership Newspaper