MTN announced on Thursday that its Nigerian CEO, Michael Ikpoki, has resigned with immediate effect. By Gugu Lourie
His resignation follows a $5.2 billion (R71 billion) fine by the Nigerian Communications Commission (NCC) over MTN Nigeria’s failure to register customers.
The company is still in talks with the Nigerian government regarding the proposed fine.
“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 COO at MTN Irancell and most recently CFO 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.