5 2bn fine mtn chief executive resigns

You're referring to the recent news about the resignation of the CEO of MTN Nigeria, Ferdi Moolman.

Ferdi Moolman, the Chief Executive Officer (CEO) of MTN Nigeria, has resigned from his position, effective March 31, 2023. This comes after the company was fined a whopping 2 billion naira (approximately $5.2 billion) by the Nigerian Communications Commission (NCC) for failing to disconnect unregistered SIM cards.

Moolman's resignation is seen as a significant development in the ongoing saga between MTN and the Nigerian government. The fine was imposed on MTN Nigeria for its failure to disconnect over 5 million unregistered SIM cards, as required by the Nigerian government.

The fine is one of the largest ever imposed on a company in Nigeria, and it has sparked widespread debate about the country's telecommunications regulations and the role of foreign companies in the industry.

Moolman's resignation is likely to be seen as a significant blow to MTN Nigeria, as he has been a key figure in the company's operations in Nigeria. His departure may lead to a period of uncertainty and transition for the company, as it navigates the complex regulatory landscape in Nigeria.

It will be interesting to see how MTN Nigeria moves forward in the wake of Moolman's resignation and the massive fine imposed by the NCC.