MTN to review Nigeria management amid $5.2bn fine

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(Duncan Alfreds, Fin24)
(Duncan Alfreds, Fin24)

Johannesburg - MTN [JSE:MTN] is reviewing its senior management in Nigeria after the company was fined $5.2bn by the country’s telecommunications regulator for failing to disconnect customers with unregistered SIM cards, according to a person familiar with the matter.

Senior executives at the company, who are in Nigeria to meet with the regulator to discuss the fine, will decide on whether to make changes to senior management, which is headed by local Chief Executive Officer Michael Ikpoki, said the person, who asked not to be identified because the matter is private.

Ikpoki didn’t respond to calls and messages seeking comment. Chris Maroleng, MTN’s main spokesperson at its head office in Johannesburg, declined to comment.

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