Sifiso Dabengwa, the group chief executive officer and president of of MTN group has resigned his appointment on Monday morning “with immediate effect”. This development followed the N1.04tr fine imposed on its Nigerian arm by the Nigerian Communications Commission (NCC) for failing to deactivate 5.1 million unregistered SIM cards. His resignation was communicated to the shareholders on Monday. Phuthuma Nhleko, the former MTN group CEO and current non-executive chairman, will take on an executive role until Dabengwa is replaced. MTN South Africa CEO Ahmad Farroukh resigned in July after a protracted strike, less than a year after his appointment. The fate of the Nigerian CEO, Michael Ikpoki, over the N1.0tr affair is yet unknown.
Related posts
-
NNPCL diverted N2.68tn, $9.77m, shunned probe invitations – Report
Amid its controversial financial dealings that have negatively impacted the nation’s financial standing, the Nigerian National... -
Deadly wish
Tinu, Tola and Rita have been friends for about 20 years. They all started small but... -
Portrait of a Narcissist
By ‘Lanre Ogundipe _Nobody can be kinder than the narcissist while you react to life in...