Sifiso Dabengwa, the group chief executive officer of MTN, resigned on Monday morning “with immediate effect”.
This development followed the N1.04tr fine imposed on its Nigerian arm by the Nigerian Communications Commission (NCC) for failing to deactivate 5.1 million unregistered SIM cards. His resignation was communicated to the shareholders on Monday.
Phuthuma Nhleko, the former MTN group CEO and current non-executive chairman, will take on an executive role until Dabengwa is replaced.
The fate of the Nigerian CEO, Michael Ikpoki, over the N1.0tr affair is yet unknown.