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BREAKING NEWS: MTN Group CEO resigns over $5.2bn Nigerian fine

Sifiso Dabengwa, MTN Chief Executive

’s Group said on Monday its chief executive will resign immediately as the telecoms firm continued talks with the Nigerian government over a $5.2 billion fine.

According to Reuters, will be replaced by non-executive chairman for a maximum of six months, Africa’s biggest mobile phone company said in a statement.

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was fined in October by the Nigerian telecoms regulator for failing to cut off users with unregistered cards.

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

 

-pmnews

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