LATEST UPDATE:> MTN appoints new CEO

South African-headquartered telecoms colossal, MTN, monday named a brand new chief govt after resolving a dispute with Nigeria over a huge high-quality for failing to disconnect thousands of unregistered cell phone strains.

MTN announced that Rob Shuter, a South African who is currently the Vodafone Europe CEO, would take over as its new group president and CEO next yr.

Africa’s biggest wireless operator, MTN said in a declaration that “following the positive resolution of the Nigerian dispute, it has accomplished the overview of its governance and administration buildings.”

The Johannesburg-centered organization was once last year hit with a $three.9 billion great for failing to reduce off 5.2 million unregistered SIM cards, amid fears that one of the affected traces had been being used by Boko Haram insurgents.

The clash, in keeping with Reuters, sparked by way of the Islamic extremist team has left at the least 17,000 lifeless and pressured greater than 2.6 million men and women from their properties in view that 2009.

On June 10, MTN announced that following negotiations with the Nigerian authorities, it had agreed to pay $1.7 billion as a ultimate agreement.

Shuter will take over from executive chairman Phuthuma Nhleko, who stepped in last November within the thick of the Nigerian quality debacle.

“MTN has weathered a alternatively problematic storm and can continue to study its governance and management operating constitution to make certain that it operates at an most fulfilling stage and continues to top off administration talent to make sure a sustained growth of the trade,” said Nhleko.

“i'm positive that with the calibre of Rob Shuter as CEO, the crew will resume its path to taking part in its rightful function in growing connectivity and accelerating convergence across Africa and the core East.”
Nhleko will revert to his post as non-govt chairman when Shuter takes over.

Meanwhile, the Minister of Communications, Mr. Adebayo Shittu, the day gone by shunned a assembly with the condo of Representatives Committee on Telecommunications aimed toward discussing the reduction of the N1.04 trillion exceptional slammed on telecommunications supplier, MTN Nigeria constrained, to N330 billion.

Whilst the attorney general of the Federation, Mr. Abubakar Malami, wrote a letter to the committee explaining his inability to attend, Shittu neither wrote any letter nor sent any representative to the assembly.
At the meeting slated for 2p.M., best officers of the Nigerian Communications fee (NCC) led by way of the chief vice chairman, Prof. Garba Danbatta, were gift.

The Chairman of the Committee, Hon. Saheed Fijabi, stated the assembly often is the final assembly over the matter, because the committee had enough substances to gift its report to the house.

“The lawyer basic despatched in a letter that he's to symbolize Mr. President at an occasion in Lagos. But different parties in this hearing will not be reward. We cannot take the NCC by myself,” he stated, because the committee retreated into an executive session.

The condo had mandated the committee to investigate the circumstances which led to the discount of the initial N1.04trillion best to N780bn.

MTN was slammed with the exceptional following its failure to deactivate 200,000 unregistered sim playing cards in line with the NCC Act.

The lawmakers had rejected the discount arguing that the NCC Act stipulates a detailed amount of money as penalty for each unregistered SIM, thus any reduction can handiest be effected by using an amendment to the Act.