Video: Nigeria asks MTN to refund illegally repatriated $8.13bn

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President Buhari and UK Prime Minister Theresa May, at the Presidential Villa in Abuja

====British Prime Minister, Theresa May, says she looks forward to increased trade and investment between Britain and Nigeria.

Shortly before her departure from Nigeria, May expressed pleasure with the Nigerian business community and stressed the need for increased investments that would create jobs in both countries.

=====The Central Bank of Nigeria has directed MTN Nigeria to refund 8.13 billion dollars which was illegally repatriated by the company with the aid of four Nigerian banks.

The apex bank also imposed a N5.87billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank, the four banks involved in the alleged illegal remittance of the foreign exchange to offshore investors of MTN Nigeria Communications Limited.

CBN had, in a statement, accused the commercial banks of carrying out the transaction without regular ‘Certificates of Capital Importation, which is…



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