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MTN Said to Review Nigeria Management Amid $5.2 Billion Fine

  • MTN penalized for failing to disconnect unregistered clients
  • Phone company management are meeting with Nigerian regulator
Updated on

MTN Group Ltd. is reviewing its senior management in Nigeria after Africa’s largest phone company was fined $5.2 billion by the country’s telecommunications regulator for failing to disconnect customers with unregistered SIM cards, according to a person familiar with the matter.

Senior executives at the company, who are in Nigeria to meet with the regulator to discuss the fine, will decide on whether to make changes to senior management, which is headed by local Chief Executive Officer Michael Ikpoki, said the person, who asked not to be identified because the matter is private.