Sifiso Dabengwa, the Group Chief Executive Officer of telecom company, MTN, has resigned following the massive N1.04 trillion ($5.2 billion) fine imposed on the company by the Nigerian Communications Commission, NCC.
MTN was sanctioned by the Nigerian government for failing to disconnect 5.1 million unregistered subscribers.
Non-Executive Chairman, Phuthuma Nhleko, will act as executive chairman for a maximum period of six months while the company identifies a successor to Mr. Dabengwa, MTN said in a statement issued in Johannesburg on Monday