MTN CEO Resigns Over N1.04 Trillion Fine

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MTN CEO resigns over NCC fine

Following a $5.2 billion fine from the Nigerian Communications Commission, MTN CEO Sifiso Dabengwa has resigned from the company.

MTN CEO resigns over NCC fine
MTN CEO resigns over NCC fine

Dabengwa said his decision was “in the interest of the company and its shareholders”, and his resignation takes immediate effect.

READ: NCC Gives MTN 2 Weeks To Pay N1.04 Trillion Fine

The fine was handed out to the company for failing to cut off unregistered sim card lines, and has until the 16th of November to pay the fine.

“Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the company and its shareholders, have tendered my resignation with immediate effect,” said Mr Dabengwa in a statement.

Wana

Wana

Quo non Ascendam. Writer.
E-mail: wana@360nobs.com

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