Monday, 9 November 2015

MTN Group CEO resigns amid $5.2bn NCC fine

The MTN Group on Monday said its Chief Executive Officer will resign immediately as the telecoms firm continued talks with the Nigerian government over a $5.2 billion fine.

The Africa’s biggest mobile phone company says the CEO Sifiso Dabengwa will be replaced by non-executive chairman Phuthuma Nhleko for a maximum of six months.
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MTN was fined in October by the Nigerian Communications Commission for failing to cut off users with unregistered SIM cards.

The company said it continued talks with the Nigerian authorities over the fine.
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