Nigeria central bank debits Standard Chartered $7.9 mln after moving MTN funds -sources
By Respect Gwenzi, Sep 07, 2018
Nigeria's central bank has debited Standard Chartered 2.4 billion naira ($7.86 million) after it fined the lender for helping South Africa's telecoms firm MTN to move funds abroad, two sources told Reuters on Thursday.
Standard Chartered, alongside Citibank Stanbic IBTC Bank and Diamond Bank, was fined last week after the central bank said it moved a total of $8.1 billion abroad with improper certificates for telecoms giant MTN.
Standard Chartered has denied any wrongdoing.
- Reuters

Top Stories
Invictus Energy’s Share Price Rally Biggest Since 2023 After Al Mansour’s US$25M Investment, US$500M Future Commitment
Invictus Energy, an Australian-listed exploration company with a market capitalisation of approximately US$55 million, experienced a dramatic surge in its share price, rising from AUD 0.050 on August
1 day ago