Senator Dino Melaye, representing Kogi West on Thursday speaking at the plenary shocked the Senate when he revealed that telecom company, MTN has moved more than $12bn out of the country.
Melaye said the company collaborated with a serving minister and four commercial banks to smuggle the funds and that every loot from the country must be recovered at these challenging times.
“We are in a precarious situation and now is the time to recover every stolen money in the country,” he said.
“Between 2006 and 2016, the MTN Nigeria, in collaboration with four commercial banks and with the help of a serving Minister, has moved over $12bn out of this country,” he added.
He said he would move the substantive motion in the next legislative day, with concrete evidences, if given the opportunity.
Senate President, Bukola Saraki granted granted the privilege of moving the substantive motion during the senate plenary of Tuesday 27th September.