Senate to probe minister over alleged MTN’s $12bn capital flight

The Senate is set to probe an allegation of 12bn dollars capital flight involving MTN and a serving Minister.

A motion to that effect would be moved on Tuesday by the Chairman of the Senate Committee on FCT, Senator Dino Melaye (APC, Kogi West).

Melaye had during Thursday’s plenary raised a point of order where he made the allegation of the capital flight.

Raising the point of order, Melaye said, “My respected colleagues MTN Nigeria paid a sum of $284.9 million dollars on the 6th of February, 2001 to purchase their license of operations in this country. I want to say with facts which by the grace of God I will make available on the next legislative day that between 2006 and 2016 through 4 Nigerian Banks and indeed a serving minister of the federal republic of Nigeria and some other fraudulent Nigerians, MTN has moved over $12 billion dollars out of Nigeria and that is about half of our external reserves. If I get the nod of the Senate I will want to bring a substantive motion on Tuesday the next legislative day with facts to buttress this position,”he said.

Responding, the Senate President, Bukola Saraki approved Melaye’s request.