The Nigerian Senate has launched an investigation into the alleged money laundering by Nigeria’s telecommunication giant, MTN.

The Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, made the disclosure on Wednesday in Abuja, Nigeria’s capital.

Senator Ibrahim said the committee had engaged the services of foreign and local forensic experts to investigate the alleged $13.9 billion scam by MTN.

He told reporters at the National Assembly that the committee had also invited the management of the MTN and other stakeholders.

The other stakeholders invited are Central Bank of Nigeria, Financial Reporting Council of Nigeria and the Minister of Trade and Investment, Mr Okechukwu Elenemah‎.

The probe follows the directive by the Upper House to investigate the alleged illegal transfer of the said sum by MTN in connivance with some Nigerians.

The transaction was purportedly facilitated by four commercial banks in Nigeria.(Channels TV)