HEDA Gives CBN Seven Days To Provide Details Of Repatriated $8.1bn MTN Fine
The Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organisation, has invoked the Freedom of Information (FoI) Act on the Central Bank of Nigeria (CBN), asking for detailed information on the alleged resolution between the apex bank and MTN Nigeria relating to charges of improper repatriation of about $8.13 Billion. The FoI request to the CBN was signed by Olanrewaju Suraju, the Chairman of HEDA. According to the resource centre, the wide margin between the reported final payment and the alleged charged sum has left the public puzzled as to the procedure and steps taken to arrive at the resolution. The request read: “On the 4th day of September, 2018, the online platform of the Business Day Newspaper reported that the Central Bank of Nigeria, sometime in 2018, revealed that MTN Nigeria illegally repatriated foreign exchange of about $8.13billion with irregularly issued Certificates of Capital Importation (CCIs) by some commercial banks nam...