Trade minister helped MTN move $13.92bn out of Nigeria illegally - Dino Melaye claims | Nigeria News Today. Your online Nigerian Newspaper

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Dino Melaye, the senator representing Kogi west at the national assembly, has accused Okechukwu Enelamah, minister of industry, trade and investment, of colluding with ‎MTN to illegally move $13.92billion out of Nigeria.


Melaye alleged that the money was moved out of the country between 2006 and 2016.

In a motion on the floor of the senate on Tuesday, the legislator also‎ reeled off the names of other Nigerians whom he alleged were complicit in the act.

“The senate notes with serious concern the repatriation of $13.92bn illegally out of Nigeria by Mobile Telecommunication Limited (MTN) through its‎ bankers between 2006 and 2016,” he said.

“Concerned that since inception, MTN had sought the collaboration of influential and unpatriotic Nigerians to assist them in looting our external reserves.

“Pained that these Nigerians, including a serving minister who MTN used in moving $13.92bn out of Nigeria, which is over 50 percent of our external reserves floated and incorporated offshore SPVs in Cayman Island, Mauritius and British Virgin Island.

“The minister of industry, trade and investment, Dr Okechukwu Enelamah, owner of CELTELCOM Investment Limited with address at No 608, St James, Denis Street Port-Lewis Mauritius purportedly claimed to invest in MTN on February 7, 2008, got certificate of capital importation and filled form A on the same date, closed his investment in Nigeria after receiving dollar payment‎ for repatriation to New York same day.”

Afterwards, Melaye‎ urged the senate to mandate its committee on banking, insurance and other financial institutions to carry out holistic investigation into the matter.

After listening to the motion, the senate directed its committee on banking, insurance and other financial institutions to investigate the allegation.

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  1. ...na now corruption wear sokoto Babariga and Bata then come carve beard and moustache.I am surprised because all these are saints Baba waited for almost 6 months to appointment. The only honourable option l for see for this useless APC government is to resign and all those associated with bringing this shame disgrace and mess called APC government to tender apology to Nigerians for the pain suffering and hopelessness they caused them so far. If they continue like this they may be humiliated out of office before the next general election because when all the sectors and organs of the government seizes to function as is clearing pointing to then the government has collapsed. This foolish idea of selling national assets is a last ditch effort to prevent this from happening. It is APC government foolishness incompetence cluelessness and ignorance that has put the country where she is now.
    Sai Baba!

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  2. Corruption here, corruption there! Yet no conviction! I tire O!

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  3. Committed between 2006-2016 i hope you can count numbers? it is 10yrs, let us wait for the senate committee, do not complain later of witch hunting somebody Mr Isiaka.

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