REVEALED: Nigerian government partly owns embattled MTN
Nigeria has held ownership since 2014 in the troubled firm.
Nigeria has held ownership since 2014 in the troubled firm.
“The directors are resigning for varied personal reasons, which will include focusing on their priorities.”
Police arrest one of the suspects while two others die while receiving treatment at the hospital.
The banks allegedly helped MTN to illegally transfer funds abroad.
Four indicted commercial banks to refund N5.87 billion.
The bank says the disbursement is one of its ways of ensuring financial inclusion in the country.
The figure is in contrast with a turnover of 350.98 million shares worth N4.60 billion in 5,020 deals on Wednesday
The judge dismissed police's contrary argument as being of no effect.
The House committee says EFCC did not receive a court order before freezing the accounts.
The bank had demanded between N10 million and N20 million as costs.
Some of the banks criticised the government for its action.
The Federal Government had accused the state oil company of concealing the funds
The police said 18 other suspected vandals were arrested.
Two bank branches were torched by the drivers.
The bank’s gross earnings also dropped to N212.41 billion from the N217.09 billion.
Mr. Jibrin, a retired vice admiral, was on May 25 arraigned on a four-count charge.
The judge released the passport of a senior lawyer arranged alongside the judge.
"The monies that were deposited were received from her at her chambers or her house."
The bank’s profit before tax dropped to N7.1 billion from N28.10 billion in 2014, a decrease of 74.8 per cent.
The case had been referred to Special Anti-Robbery Squad for discreet investigation.
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