Sen. Melaye accuses MTN of repatriating $12bn, money laundering

The Senator representing Kogi West in the National Assembly, Dino Melaye, on Thursday accused giant communication company, MTN Nigeria, of alleged gross money laundering and repatriation of over $12billion out of the country.
Melaye, who made the revelation on the floor of the Senate, alleged that the company perpetrated the crime within the last 10 years in connivance with four commercial banks and a serving minister.
Making the disclosure under Order 42 of the Senate, the lawmaker said that at such a crucial period, when the nation was undergoing recession, it had become imperative that all hands must be on deck to recover looted funds in the country.
“We are in a precarious situation and now is the time to recover every stolen money in the country. Between 2006 and 2016, the MTN Nigeria, in collaboration with four commercial banks and with the help of a serving Minister, has moved over $12bn out of this country,” he said.
Melaye also stated that if given the opportunity, he would move the substantive motion in the next legislative day, with concrete evidence to prove his allegations against MTN.
Ruling on the point of order, Senate President Bukola Saraki granted Dino Melaye the privilege of moving the substantive motion during the Senate plenary scheduled for next Tuesday