Our staff not involved in N150m bank fraud –MTN


Global System for Mobile Communications (GSM) service provider, MTN, has denied report that its employees were involved in a syndicated crime resulting in fraudulent bank transactions worth about N150 million.

Its PR and Protocol Manager, Funso Aina, said in a statement yesterday that the arrest stemmed from MTN’s report of an unusual level of swap activity to the police.

The breach, according to him, was perpetrated by employees of an independent but regulated third-party trade partner who owns and operates the Connect store where the incident took place.

The Police Special Fraud Unit (SFU), Milverton, Ikoyi, Lagos State, had on Monday paraded 11 people, among them three bankers, arrested in connection with the fraud.

The SFU spokesman, an Assistant Superintendent of Police (ASP), Mr Lawal Audu, who paraded the suspects, said three other suspects – Okpetu John (29), Chukwumnoso Ifeanyi (30) and Salako Abdulsalam (30), an ICT specialist – were MTN employees.

But Aina said the MTN was appalled by the report which linked the suspects to the company. He said: “The security and well-being of our customers is of paramount importance, and as such we will continue working at strengthening our governance structures and processes, and will proactively report suspicious activity once it occurs.

“We (MTN and all our regulated third-party trade partners) are committed to protecting our existing and potential customers from all present and emerging threats and will continue to work closely with the security agencies to ensure appropriate action when there is evidence of misconduct – as was done in this instance.”

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