Saturday, 25 May 2019

EFCC shuts down MTN head office over manipulations in NSE listing

Telecoms company, MTN is now in trouble as operatives of the Economic and Financial Crimes Commission (EFCC) stormed and halted all activities at MTN head office in Lagos yesterday.

According to emerging reports, there was heavy panicking as operatives of the EFCC swamped MTN head office in Falomo, Ikoyi Lagos, halting all activities in the complex.

As at the time of filing this report, it's not clear what the reason behind the raid on the company's head office is about, however multiple sources are confirming to us that it in connection with alleged fraudulent financial activities pertaining to the company’s recent listing on the Nigerian Stock Exchange (NSE).

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