{"id":10688,"date":"2019-05-26T13:34:55","date_gmt":"2019-05-26T13:34:55","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=10688"},"modified":"2019-05-26T13:35:33","modified_gmt":"2019-05-26T13:35:33","slug":"mtn-laments-as-efcc-probes-it-for-manipulation-of-shares","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares","title":{"rendered":"MTN laments as EFCC probes it for manipulation of shares"},"content":{"rendered":"<p>MTN Nigeria has lamented that it is currently experiencing an investigation in the hands of the Economic and Financial Crimes Commission (EFCC) over an allegation bothering on manipulation of its share that was recently listed on the Nigerian Stock Exchange (NSE).<\/p>\n<p>The telecommunications company on Saturday, in a statement signed by its secretary, Uto Ukpanah, confirmed the situation.<\/p>\n<p>The company in the statement revealed that EFCC had already requested for some information relating to the May 16 listing.<br \/>\nGoing further, MTN said it obtained all the necessary regulatory approvals before it commenced trading the stock.<\/p>\n<p>\u201cWe wish to reiterate that we received all regulatory approvals required to list on the Nigerian Stock Exchange as publicly confirmed by the NSE Securities and Exchange Commission,\u201d part of the statement read.<\/p>\n<p>Recall that MTN\u2019s head office in Lagos was raided on Friday by some officials of the EFFC.<\/p>\n<p>The telecoms company has been embroiled in legal and regulatory issues in the past three years in Nigeria, which is its largest market in Africa.<\/p>\n<p>The listing on the NSE was a condition of a settlement reached with the Nigerian Communications Commission in 2016 over failure to disconnect SIM cards of unregistered subscribers as directed by the commission.<\/p>\n<div class=\"abh_box abh_box_down abh_box_fancy\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MTN Nigeria has lamented that it is currently experiencing an investigation in the hands of the Economic and Financial Crimes Commission (EFCC) over an allegation bothering on manipulation of its share that was recently listed on the Nigerian Stock Exchange (NSE). The telecommunications company on Saturday, in a statement signed by its secretary, Uto Ukpanah, [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":10689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[106,68,314,592],"class_list":["post-10688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-economy","tag-efcc","tag-finance","tag-mtn"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MTN laments as EFCC probes it for manipulation of shares - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTN laments as EFCC probes it for manipulation of shares\" \/>\n<meta property=\"og:description\" content=\"MTN Nigeria has lamented that it is currently experiencing an investigation in the hands of the Economic and Financial Crimes Commission (EFCC) over an allegation bothering on manipulation of its share that was recently listed on the Nigerian Stock Exchange (NSE). The telecommunications company on Saturday, in a statement signed by its secretary, Uto Ukpanah, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-26T13:34:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-26T13:35:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/05\/MTN_branch.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"631\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"MTN laments as EFCC probes it for manipulation of shares\",\"datePublished\":\"2019-05-26T13:34:55+00:00\",\"dateModified\":\"2019-05-26T13:35:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\"},\"wordCount\":212,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/05\/MTN_branch.jpg\",\"keywords\":[\"Economy\",\"EFCC\",\"Finance\",\"MTN\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/mtn-laments-as-efcc-probes-it-for-manipulation-of-shares\",\"name\":\"MTN laments as EFCC probes it for manipulation of shares - 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