MTN Plunges After Nigeria Orders Refund of $8.1 Billion Dividend

The video discusses the financial controversy involving MTN and the Nigerian Central Bank, which has ordered a refund of $8.1 billion, alleging illegal money repatriation. Despite being cleared by lawmakers previously, the issue resurfaced with the Central Bank's strong language against MTN and the banks involved. Four banks, including Citigroup and Standard Bank, face significant fines. The responsibility for returning the $8.1 billion remains unclear, with many questions unanswered.

What was the response of the Central Bank regarding the banks involved?

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What are the implications of the $8.1 billion issue mentioned in the text?

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