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Banks Want Etisalat Nigeria Investigated Over $1.2b Loan

Strong indications emerged on Wednesday that a consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollars loan is seeking the Federal Government’s intervention to investigate the management. A management source close to the banks told the News Agency of Nigeria, NAN, in Lagos that the banks want the government, through the EFCC, to wade into the matter, by investigating what the company did with the loan.The source alleged that the loans were siphoned and needed to be investigated by the EFCC, noting, there…