Home » Headline » NCC reduces MTN’s N1.04trillion fine as company sacks CEO and Regulatory Head
NCC reduces  MTN’s N1.04trillion fine as company  sacks CEO and Regulatory Head
Ferdi Moolman

NCC reduces MTN’s N1.04trillion fine as company sacks CEO and Regulatory Head

Two interesting news has just come out of the Headquarters of telecoms giants,  MTN. The first is that Nigerian Communications Commission (NCC) has agreed to reduce MTN’s fine from $5.2billion to $3.4bn  payable no later than December 31.

And in another twist, Mike  Ikpoki the man who broke the jinx and made history as the first ever Nigerian to become CEO of MTN Nigeria has handed in his resignation.

MTN said on Thursday that it had received the formal letter from the commission on Wednesday and was “carefully considering” a reply.

“The executive chairman, Phuthuma Nhleko, will immediately and urgently re-engage with the Nigerian authorities before responding formally, as it is essential for the company to follow due process to ensure the best outcome … all factors having a bearing on the situation will be thoroughly and carefully considered before the company arrives at a final decision,” the company said.

Apart from Ikpoki who before his stint in Nigeria was the CEO of MTN Ghana, also eased out of MTN Nigeria is Mr. Akinwale Goodluck,  the Head of Regulatory and Corporate Affairs.

The company has also appointed Ferdi Moolman as CEO and Mrs. Amina Oyagbola as new Head of Regulatory & Corporate Affairs.

Moolman who was a key executive of  MTN Irancell, was appointed COO/ Chief Financial Officer of MTN Nigeria earlier this year.

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