In a statement it says that “the allegations made against MTN are completely unfounded and without any merit,” the report says.
We reported yesterday that lawmakers in Nigeria’s upper house of parliament had decided to investigate an allegation that the company illegally transferred nearly $14bn (£11bn) out of the country between 2006 and 2016.
The allegation was made in a motion submitted by Senator Dino Melaye which said the money had been repatriated “illegally” out of Nigeria by MTN through its bankers
With 62 million subscribers, Nigeria is the company’s biggest market.
The investigation comes just three months after MTN agreed to pay a reduced fine of about $1bn in a settlement with the Nigerian government over unregistered Sim cards.