MTN CFO Is Replaced Amid Investigation Commissioned by Company

MTN Group Ltd. (MTN) Chief Financial Officer Nazir Patel resigned and was replaced by Brett Goschen amid an investigation at Africa’s largest wireless operator.

Patel “does not wish his continued employment with the company to prejudice the company in respect of certain allegations made against him, which are subject to an ongoing investigation which had been commissioned by the company,” MTN said in a statement today.

Patel left the company yesterday and was immediately replaced with Goschen, who was chief executive officer of MTN’s Nigeria unit and previously led Ghana operations. MTN didn’t immediately respond to calls seeking comment.

To contact the reporters on this story: Chris Spillane in Johannesburg at cspillane3@bloomberg.net;

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net;

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.