EFCC raid MTN Nigeria head office shut down activities

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MTN Nigeria

Operatives of the Economic and Financial Crimes Commission (EFCC), on Friday, raided the MTN Nigeria head office in Falomo Ikoyi Lagos, shutting down all activities in the Complex,

At the time of filing this report, no reason has been giving for the raid but sources say members of the anti-graft agency stormed the telco’s head office, stopping all activities for alleged fraudulent financial activities pertaining to the company’s recent listing on the Nigerian Stock Exchange (NSE).

“I believe the EFCC was informed that MTN was manipulating figures and also, maybe because of fraud pertaining to the company’s listing,” the source said.

MTN’s Public Relations Officer, Funso Aina, when contacted neither denied nor admitted that the company was raided, but said: “We will send out a statement to that effect very soon.

Source: BusinessDay