MTN has announced the resignation of its Nigerian CEO, Michael Ikpoki.
Also, the head of Regulatory and Corporate Affairs, Akinwale Goodluck has also resigned.
Their sudden resignations came at a time the company is trying to pay a $5.2 billion (R71 billion) fine imposed on the company by the Nigerian Communications Commission (NCC) over MTN Nigeria’s failure to register customers.
“MTN Nigeria’s CEO Michael Ikpoki and the head of Regulatory and Corporate Affairs Akinwale Goodluck have tendered their resignations with immediate effect,” MTN informed investors on Thursday morning.
The mobile phone operator said Ikpoki would be replaced by Ferdi Moolman as MTN Nigeria CEO and Amina Oyagbola as its head of Regulatory and Corporate Affairs.
Moolman was previously CEO at MTN Irancell and most recently CEO at MTN Nigeria. A Nigerian national, Ms Oyagbola also retains the position of MTN Nigeria’s Head of Human Resources. She formerly headed regulatory affairs at the Nigerian operating company.