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
Tongaat Hulett Liquidation Hearing Set for 16 April as Voermol Rescue Plan Hangs in Balance
Tongaat Hulett Developments Proprietary Limited, which holds property development assets, operates under a separate rescue plan adopted in May 2023 and is expected to continue unaffected by the THL pr
5 hours ago
