Is the CBN fine on MTN political?

PUBLISHED: Thu, 30 Aug 2018 11:29:45 GMT


Nigeria ordered four banks including Citigroup and Standard Chartered to refund more than $8 billion it says was illegally expatriated by mobile-phone company the MTN Group over eight years through 2015. The decision will come as a blow to MTN, because the company has already settled a separate, $1 billion fine in Nigeria for missing a deadline to disconnect unregistered customers. Joining CNBC Africa to unpack this further is Tilewa Adebajo, CEO, CFG Advisory.

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