N1.04 Trillion NCC Fine: MTN CEO, Sifiso Resigns Over Crisis

N1.04 Trillion NCC Fine: MTN CEO, Sifiso Resigns Over Crisis

Patrick Aigbokhan
Following a recent crisis of N1.04 trillion fine slammed on MTN by the country’s telecoms regulatory authority, Nigerian Communications Commission (NCC), for violating its directive on SIM deactivation, the telecoms company’s Group Chief Executive Officer, Sifiso Dabengwa, on Monday resigned his appointment with the company, with immediate effect.
His resignation was announced to shareholders on Monday morning
Findings revealed that Dabengwa’s resignation is not unconnected to the fine crisis imposed on the giant telecommunication company, for failing to deactivate over five million subscribers who failed to register their sims.
MTN had reportedly requested for a waiver on the fine, considering their level of investments in the country, but government did not buy the idea of waiver. Instead, concession may be considered.
But NCC had said that MTN would not escape the fine, owing to the enormity of its implication to national security.
While NCC noted in an earlier statement that the issue is being handled by the federal government, the regulatory agency also noted that MTN would risk withdrawal of its licence if its fails to comply with the fine.
In a bid to dodge the intimidating sum involved in the fine, MTN had made frantic efforts to secure the intervention of the Office of the National Security Adviser (NSA), on the N1.04 trillion fine, but all to no avail.
But in reaction to the telecoms operator’s intervention calls to the NSA, Chief Femi Falana, a Senior Advocate of Nigeria (SAN), had last week urged the NSA to turn deaf-ears in the matter, noting that the role of NCC must prevail as the industry’s regulatory body.