MTN appoints regulator after huge fine
South Africa's MTN has appointed a new regulatory affairs chief, a spokesman said this week, after a large fine in Nigeria led to its first-ever half-yearly loss
South Africa's MTN has appointed a new regulatory affairs chief, a spokesman said this week, after a large fine in Nigeria lead to its first-ever half-yearly loss.
The firm, which had been fined $1bn by Nigeria for missing a deadline to disconnect inactive SIM cards, was last month also accused by lawmakers of illegally transferring $14bn out of the country. MTN has vigorously denied the accusation.
MTN said it had appointed Felleng Sekha, to the new post of executive for regulatory affairs and public policy.
Sekha has extensive regulatory experience and previously worked at MTN in various roles, including for five years in Nigeria as executive director for corporate services.
Talking to Reuters, MTN spokesman Chris Maroleng said: "Felleng will... shape public policy and regulatory outcomes which are key to MTN achieving its business objectives."