Abuja, Sept. 27, 2016 – Chairman, Senate Committee, Otunba Dino Melaye today kept to his promise to name a minister in the cabinet of President Muhammadu Buhari who was allegedly involved in the repatriation of $13.9 billion from Nigeria to South Africa by telecommunication giant, MTN.
The Senator who spoke on the floor of the Senate named Minister of Trade and Investment, Dr. Okechukwu Elelamah as the minister who facilitated the deal.
He said the money was repatriated between 2006 and 2016.
He also named the banks involved in the illegal transaction as Stanbic IBTC, Standard Chattered Bank, Citi Bank and Diamond Bank.
The Senate later directed its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illegal repatriation of $13.9 billion by MTN through its bankers between 2006 and 2016 to home country, South Africa.
