See Why MTN CEO and Corporate Affairs head resign

Updated Friday 4 December 2015 6:25

The Nigerian Communications Commission (NCC) imposed a N1.04 Trillion Fine on MTN Nigeria for failing to disconnect 5.1 million unregistered MTN Nigeria Subscriber Identification Module cards in August and September. Because of this fine, MTN CEO and Corporate Affairs head had to resign. But the fine has been reduced to N674bn. The Chief Operating Officer of MTN Irancell, Ferdi Moolman, and Amina Oyagbola, were appointed to replace Ikpoki and Goodluck respectively.

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Speaking on this development, the Executive Chairman, MTN Group, Phuthuma Nhleko, said in a statement:

“This will enable MTN to continue to realise its strategy and vision, while also ensuring that we achieve high governance standards and robust risk mitigation.

“As I said in my last communication to you, MTN employees are the key to the success of our organisation and I continue to appreciate your support during this period of transition. Welcome to our new joiners and congratulations to those who are in new positions.”

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