Media Statement On Savanna Brokerage Investment

MTN has received complaints from some of its Mobile Money customers who allegedly contributed to a ponzi scheme operated by Savanna Brokerage Investment and are demanding for reversal of their respective amounts invested.

MTN uncovered the suspected Ponzi scheme and took steps to safeguard the interest of its customers by freezing the wallets and reporting the case to the police and the regulator for investigation.

The regulator through the Financial Intelligence Centre is currently investigating the suspected fraudulent or investment scam in relation to Savanna Brokerage Investment.

MTN is working closely with the regulator to ensure the right procedure is followed and all relevant obligations are fulfilled before disbursement of any funds.

MTN awaits further direction and clarification on the frozen funds and assures its valued customers that once we receive a clear directive after the investigation we shall comply.

Journalists or any other interested persons seeking further information on the subject are advised to contact MTN or the Regulator.



Media Contact:

Samuel Koranteng

Acting Corporate Services Executive

Tel: 024 4300 000

Email: [email protected]