MTN Group Ltd. has announced the resignation of its CEO
Sifiso Dabengwa following a $5.2 billion by the Nigerian
Communications Commission (NCC) over failure of the
telecoms company to disconnect customers with
unregistered SIM cards.
MTN was given until November 16 to pay the penalty, which
relates to the timing of the disconnection of 5.1 million
subscribers and is based on a charge of N200,000 ($1,005)
for each unregistered customer.
“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,” Dabengwa said in a statement.
According to the company, Nhleko, the current non-
executive chairperson has agreed to act as executive
chairperson for a maximum period of 6 months while the
company identifies a successor for Dabengwa.
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