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CBN begins deductions on MTN, banks face-off

PUBLISHED: Fri, 07 Sep 2018 12:26:27 GMT

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Latest reports say that the Central Bank of Nigeria has begun debiting the accounts of banks accused of illegal repatriation of 8.1 billion dollars for telco operator MTN Nigeria. Bismarck Rewane, Chief Executive Officer of Financial Derivatives joins CNBC Africa to look at the impact of latest updates to this face-off.

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