Group CEO of MTN, Sifiso Dabengwa, is expected to resign soon

The Group CEO of MTN, Sifiso Dabengwa, is expected to resign over the recent $5.4billion fine by Nigerian Communication Commission for failing to cut off customers with unregistered SIM cards. 

The telecoms company said in a statement today that Dabengwa will resign immediately and will be replaced by non-executive chairman Phuthuma Nhleko as the company continues to dialogue with the Nigerian government over the fine.