Tuesday, 25 July 2017

Nigeria lowers MTN fine to $3.4bn

By Nick Wood, Total Telecom
Thursday 03 December 15

MTN Nigeria CEO steps down as telco restructures in bid to strengthen operational oversight.

The fine imposed on MTN Nigeria over unregistered SIM cards has been reduced to US$3.4 billion from $5.2 billion, MTN announced on Thursday. The South Africa-based telco also revealed that MTN Nigeria CEO Michael Ikpoki, and its head of regulatory and corporate affairs Akinwale Goodluck, have resigned, and that the company has initiated a management restructuring in a bid to improve operational oversight…

The fine imposed on MTN Nigeria over unregistered SIM cards has been reduced to US$3.4 billion from $5.2 billion, MTN announced on Thursday. The South Africa-based telco also revealed that MTN Nigeria CEO Michael Ikpoki, and its head of regulatory and corporate affairs Akinwale Goodluck, have resigned, and that the company has initiated a management restructuring in a bid to improve operational oversight…

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