After his
resignation in December, 2015, Mr. Michael Ikpoki, former MTN Nigeria Chief
Executive Officer(CEO), has received about $1.8 million (N350 million) as exit
package, which includes his salary and post-employment benefits.
MTN was fined $5.2
billion (N1.04 tri) in October last year, for disregarding the directives of Nigerian
Communication Commission’s – NCC (www.ncc.gov.ng ) on unregistered SIM card deactivation, which
brought about the forceful resignation of Ikpoki and other executives..
MTN agrees in an
integrated report that the Nigerian fine has “eroded investor confidence in the
company and the group as a whole, and negatively impacted the reputation of MTN
across our stakeholder groups”.
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