MTN money laundering probe : Senate employs foreign forensic experts
The Senate Committee on Banking, Insurance and Other Financial Institutions says it has employed foreign and local forensic experts to help it investigate the alleged money laundering of thirteen point nine billion dollars by a private telecommunications network, MTN.
Chairman of the Committee Senator Rafiu Adebayo disclosed this at a press briefing on the investigation that is set to commence on Thursday.
He said the committee has written letters to the Minister of Trade and Investment, Okechukwu Enelamah, MTN and it’s promoters, Central Bank of Nigeria (CBN), Financial Reporting Council of Nigeria (FRCN) among other stakeholders to appear before it on Thursday.
They are expected to explain the alleged violation of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.