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Enelamah denies aiding MTN to transfer funds

By Editor   |   04 October 2016   |   1:01 am
Nigeria's minister of industry, trade and investment, Okechukwu Enelamah

Nigeria’s minister of industry, trade and investment, Okechukwu Enelamah

The Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah, has denied involvement in any illegal transfer of funds out of Nigeria by MTN.

The minister said in a statement signed by the Director of Press, Federal Ministry of Industry, Trade and Investment, Greyne Anosike, that he was never the owner or a shareholder of Celtelecom as alleged by Senator Dino Melaye.

Melaye had in a motion on the floor of the Senate alleged that MTN illegally transferred $13.9 billion out of Nigeria with the help of the minister. The motion was made to launch an investigation into the alleged illegal transfer of funds.

But the minister said in the statement, “Our attention has been drawn to a statement credited to a serving Nigerian senator on the floor of the Senate on September 27, 2016, making a number of allegations against the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah regarding improper remittance of funds out of Nigeria.”

The statement further said that investors do not have responsibility for remittance of proceeds from the company they are invested in.

“Therefore, at no time was Dr. Enelamah in a position to transfer funds out of Nigeria on behalf of MTN Nigeria, and at no time did Dr. Enelamah transfer any funds out of Nigeria on behalf of MTN Nigeria. As it relates to Celtelecom’s investment in MTN Nigeria, it is important to note that the entire process for applying for and using CCIs was done by MTN Nigeria.”

According to Anosike, Dr. Enelamah resigned all his board positions, including from ACA and Celtelecom, consequent to his appointment as a Minister of the Federal Republic of Nigeria.

“While Dr. Enelamah welcomes any investigations the Senate may decide to carry out on the activities of these companies, it should be noted that all the allegations as made by the Senator are without merit and baseless,” he stated.


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MTNOkechukwu Enelamah


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