MTN: Senate Allegation of Illegal Fund Repatriation

SITUATION

Sometime in  2016, MTN Nigeria (MTN)  was  accused by the Senate of improperly repatriated funds from Nigeria  to the tune of $13.9 billion  in violation of the Foreign Exchange Act. Consequently,  representatives of MTN were summoned by  the Senate Committee on Banking Insurance and other Financial Institutions to a public hearing. The issue potentially placed MTN in a position where it was seen as working against  the interest of Nigeria  and contributing to the economic woes of the country.

TASK

C&F Porter Novelli was retained to design and implement a communications programme to manage the crisis.

APPROACH

The programme  ran on various tracks. These included expanding  the existing bucket of  credible  influencers to drive discussion on relevant media platforms focusing on  the implications   of the  actions against a major example of  FDI in Nigeria; leading  the conversation across relevant media targeted at policy makers on how sustained attacks will affect MTN, and by extension its ecosystem which greatly benefits the economy; and showcasing  how MTN/ICT infrastructure supports various critical sectors of the economy  from an infrastructural and service perspective.  Other aspects were enlisting the support of  influential pressure groups  to highlight  MTN’s contributions to the economy ; and  a focused and direct engagement with the government; the legislature in particular with emphasis on the relevant committees.

RESULT

Public opinion shifted in favour of MTN largely as a result of the engagement of the media and the efforts of commentators and  influential pressure groups. The Investigation did not lead to an indictment