SAN FRANCISCO, May 26, (THEWILL) – Telecommunications giant, MTN Nigeria, has revealed its listing on the Nigerian Stock Exchange (NSE) is the subject of an enquiry by the Economic and Financial Crimes Commission (EFCC).
MTN, which was listed on the Exchange last week, however, stated that it had not been accused of any wrongdoing by the EFCC.
According to a statement by the Company Secretary, MTN, Uto Ukpanah, which was also posted on the NSE’s website, the firm had received a letter from the EFCC, on Thursday, requesting information and documentation related to the listing of its shares.
Stressing that it has not been accused of wrongdoing, the company said, “We wish to reiterate that we received all regulatory approvals required to list our shares on the Nigerian Stock Exchange, as publicly confirmed by the Nigerians Stock Exchange and the Securities and Exchange Commission (SEC).
“As a law-abiding and responsible corporate citizen, we are co-operating fully with the authorities. We are committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria.”