The Chief Executive Officer of MTN, Mr Sifiso Dabengwa,
has resigned, following the 5.2 billion dollar fine imposed
on the company by the Nigeria Communications
Commission (NCC).

Dabengwa made this known in a statement sent to
newsmen on Monday in Abuja. He said that the resignation was in the best interest of MTN, which has seen its share price plummet since the fine was announced.

“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 was quoted as saying.

It will be recalled that the 5.2 billion dollar fine was imposed on the company in October after it failed to deactivate unregistered SIM cards from its network.

The company had been negotiating with the Nigerian
authority on the fine, but a source at the NCC said that the commission had turned down a request for downward review of the fine. MTN currently has no fewer than 60 million subscribers in Nigeria.

Issokay.. I'll set up a committee to check the issue well... Fish dey smell

Why e no go resign? You want make him grow white hair or get heart attack for that seat?