The $5 billion mega fine imposed on MTN Nigeria by regulators will lead to the loss of more senior managerial positions at the largest telecommunications company in Africa.
Earlier today Sifiso Dabengwa announced his resignation as MTN CEO.
The largest shareholder in the company, the Public Investment Corporation (PIC) has said that it wants more people to be held accountable for the damage caused due to the negligence of its managerial staff.
“A lot more people need to take collective responsibility for the fine that was imposed on MTN Nigeria for alleged failure to comply with regulatory requirements in that country,” the Chief Executive of the PIC, Daniel Matjila said in a statement.