$5.2 Billion NCC Fine: MTN Group Chief Executive resigns

The Chief Executive Officer of MTN Group, Sifiso Dabengwa has resigned following complications arising from the $5.2 billion fine imposed on MTN by the National Communications Commission [NCC]. 

South Africa’s MTN Group said on Monday its chief executive will resign immediately as the telecoms firm continued talks with the Nigerian government over the fine.

Sifiso Dabengwa will be replaced by non-executive chairman Phuthuma Nhleko for a maximum of six months, Africa’s biggest mobile phone company said in a statement.

MTN was fined in October by the Nigerian telecoms regulator 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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