Rob Shutter, the Chief Executive Officer of MTN Group Limited, said his company remains committed to Nigeria regardless of the regulatory troubles the company has suffered in the hands of Nigerian authorities.
Mr Shutter’s comments are coming just as the embattled company faces huge demands by Nigeria, including an order to return the $8.1 billion that was illegally moved from the West African country by the
“We have a proud history of being a major partner to the people of Nigeria and notwithstanding our current difficulties are firmly resolved to continue to do so.” -Shutter
The CEO’s placatory comments are similar to the ones he has made in the past since he assumed his current position back in early 2017. The tone is obviously intended to pacify Nigerian authorities that seem hell-bent on sanctioning the telco for years of regulatory abuse.
Since his appointment, Mr Shutter has tried hard to manage the controversies facing MTN, especially in Nigeria where the company seems to be in constant loggerheads with regulators.
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Unfortunately, it has been a difficult task for Shutter…
TN Nigeria was fined $5.2 billion in 2015 by the Nigerian Communications Commission (NCC) for failing to disconnect unregistered subscribers after the stipulated deadline date.
After diplomatic intervention by the then South Africa’s President Jacob Zuma, the fine was reduced to $1 billion, payable in tranches. In addition, MTN was required to list on the NSE and tender an apology to the Nigerian government.