MTN plans to seek reduction of the N1.4trillion ($5.2 billion) fine imposed on it by the Federal Government.
Chairman Phuthuma Nhleko was named executive chairman of MTN for up to six months after Sifiso Dabengwa stepped down as CEO with immediate effect on Monday.
“I can’t say whether we’ll pay the whole fine. I don’t want to negotiate with Nigerian regulators on a public forum,” Nhleko, who is also a former CEO of MTN was quoted to have said.
MTN has a Monday deadline to pay the fine imposed on its unit in Nigeria for failing to cut off 5.2 million users with unregistered SIM cards.
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