CBN Speaks On Slashing MTN’s $8.1bn Repatriation Demand
Image: Bubbles Nigeria

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele may slash the money it ordered MTN to repatriate.

Emefiele said this on Sunday in London while addressing reporters.

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“I don’t think it will be staying at $8.1bn,” he said.

“I want to believe that the figure will reduce. Whether it will be dropped completely, I honestly cannot say at this time.”

According to him, the apex bank has received two documents from MTN and the four lenders involved in the case some weeks back.

He added that “The central bank will be examining these, then it will be escalated up to my level.”

Both parties have been locked in a legal battle since the CBN called for the repatriation of the said fund.