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Nigerian court adjourns MTN, central bank case

Customers are pictured inside an MTN dealer shop in Abuja, Nigeria. [Photo: Reuters]

LAGOS- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22.

The dispute is over the transfer of $8.1 billion of funds which Nigeria’s central bank said the company had sent abroad in breach of foreign-exchange regulations. MTN has denied any wrongdoing.

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