MTN GROUP MD RESIGNS OVER MTN NIGERIA $5.2 BILLION FINE

Phuthuma Nhleko

JOHANNESBURG 

The CEO of Africa's biggest telecommunications company resigned on Monday because of a $5.2 billion fine meted out to from MTN Group's Nigerian subsidiary.

Sifiso Dabengwa was quoted in a company statement as saying he resigned "due to the most unfortunate prevailing circumstances occurring at MTN Nigeria."

Former group president Phuthuma Nhleko will act in