Another Crisis Hits MTN As Top Executive Resigns

Embattled teleco-giant, MTN is set to lose another high ranking executive over the next few months.

According to Bloomberg, MTN Chief Innovation Officer, Herman Singh’s departure from the group is imminent and will move on to start his own tech venture.  Singh was recruited from MTN’s rival Vodacom Group in 2015.

This departure is coming after MTN’s Chief Technology Officer, Babak Fouladi prepares to join Dutch Telecommunications firm, KPN NV next week. Fouladi was lured from Vodafone Group two years ago. Another top shot of the group, Stephen Van Coller left MTN at the end of August to held the technology firm EOH Holdings Ltd less than two years into his tenure.

Other headaches for the Africa’s largest wireless carrier, include its ongoing investigation over the alleged illegal transfer of $8.1 billion out of the country with the help of four banks, including CitiBank, Diamond Bank, Standard Chartered Bank and Stanbic IBTC Bank.  Although, MTN and the affected banks all denied this claim, even as new evidence soon emerged that the telecoms company is owing Nigeria the sum of $2 billion in back taxes.

As expectedly, the controversies have affected MTN’s business as it has also cast doubt over the company’s planned Initial Public Offering in Nigeria. Although there seems to be a ray of hope, according to the Central Bank Governor, Godwin Emefiele, the apex bank is on the verge of announcing an amicable resolution.

Another challenge facing the group is its inability to extract cash from Iran, its third biggest market after the U.S President, reinstated sanctions against the country.

MTN Group, revealed plans to apply for payment banking license in Nigeria and launch a mobile money service in the country by the second quarter of 2019. It also agreed  to a partnership with Orange SA last week to ease payments across the continent.

48 thoughts on “Another Crisis Hits MTN As Top Executive Resigns

  • March 13, 2021 at 10:41 pm
    Permalink

    334779 277121Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I believe that you could do with some pics to drive the message home a bit, but other than that, this really is fantastic blog. An excellent read. Ill surely be back. 415184

  • April 11, 2021 at 8:05 am
    Permalink

    It’s truly very complex in this full of activity life to
    listen news on Television, therefore I just use internet for that reason, and
    get the latest news. 0mniartist asmr

  • April 28, 2021 at 5:11 am
    Permalink

    hi!,I like your writing so much! share we keep in touch extra about
    your post on AOL? I need an expert on this house to solve my problem.

    Maybe that’s you! Taking a look forward to peer you.

  • April 28, 2021 at 9:51 am
    Permalink

    609811 435463So funcy to see the write-up within this weblog. Thank you for posting it 264396

  • April 29, 2021 at 6:00 am
    Permalink

    Thanks for sharing your thoughts about with. Regards

  • April 29, 2021 at 8:12 am
    Permalink

    Hi there, I enjoy reading through your article.

    I wanted to write a little comment to support you.

  • April 29, 2021 at 2:04 pm
    Permalink

    Howdy! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good results. If you know of any please share.
    Thanks!

  • May 4, 2021 at 1:23 am
    Permalink

    Hi! Would you mind if I share your blog with my myspace group?
    There’s a lot of folks that I think would really enjoy your content.
    Please let me know. Thank you

  • May 4, 2021 at 12:36 pm
    Permalink

    Spot on with this write-up, I seriously think this amazing site needs a great deal more attention. I’ll probably be returning to read more, thanks for the info!

  • May 7, 2021 at 1:18 pm
    Permalink

    I loved as much as you’ll receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get bought an nervousness over that you wish be delivering the following.
    unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this
    hike.

  • May 8, 2021 at 12:20 pm
    Permalink

    Incredible points. Outstanding arguments. Keep up the great effort.

  • May 15, 2021 at 8:52 am
    Permalink

    scoliosis
    Hi! I’ve been reading your web site for some time now and finally got the courage to go
    ahead and give you a shout out from Porter Tx!

    Just wanted to say keep up the good work! scoliosis

  • May 15, 2021 at 11:53 pm
    Permalink

    369059 746323Possible need all types of led tourdates with some other fancy car applications. Numerous also offer historic packs and other requires to order take into your lending center, and for a holiday in upstate New York. ??? 972081

  • May 17, 2021 at 2:29 am
    Permalink

    scoliosis
    I know this site offers quality based articles and additional information, is there any other site which
    presents these kinds of data in quality? scoliosis

  • May 19, 2021 at 11:35 am
    Permalink

    scoliosis
    Hello, i think that i saw you visited my blog so i came to “return the
    favor”.I’m trying to find things to enhance my
    web site!I suppose its ok to use some of your ideas!!
    scoliosis

  • May 20, 2021 at 2:28 am
    Permalink

    dating sites
    Woah! I’m really enjoying the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s hard to get
    that “perfect balance” between superb usability and
    appearance. I must say you have done a excellent job with this.
    Additionally, the blog loads super quick for me on Safari. Exceptional
    Blog! free dating sites https://785days.tumblr.com/

  • May 20, 2021 at 12:06 pm
    Permalink

    free dating sites
    Hi there it’s me, I am also visiting this web page regularly, this web
    page is truly fastidious and the viewers are truly sharing pleasant thoughts.

    dating sites

  • May 21, 2021 at 12:08 pm
    Permalink

    Hello, Neat post. There is an issue with your site in web explorer, would test this?
    IE still is the marketplace chief and a good portion of folks will miss your
    magnificent writing because of this problem.

  • May 26, 2021 at 12:41 am
    Permalink

    Hi there, this weekend is fastidious for me, as this
    moment i am reading this impressive educational article here at my house.

  • May 26, 2021 at 2:34 am
    Permalink

    My spouse and I stumbled over here by a different website and thought I may as well check things out.

    I like what I see so now i am following you. Look forward to looking at your web page again.

  • May 29, 2021 at 11:46 am
    Permalink

    This article offers clear idea in support of the new viewers
    of blogging, that actually how to do blogging
    and site-building.

  • May 30, 2021 at 1:52 pm
    Permalink

    Pretty great post. I simply stumbled upon your blog and wanted
    to say that I’ve truly enjoyed surfing around your weblog posts.

    In any case I will be subscribing on your rss feed and I’m hoping you write once
    more soon!

  • May 30, 2021 at 10:45 pm
    Permalink

    Helpful info. Lucky me I found your website unintentionally, and I’m stunned why
    this coincidence did not came about in advance! I bookmarked it.

  • May 31, 2021 at 5:28 pm
    Permalink

    Quality articles or reviews is the main to be a focus
    for the viewers to pay a visit the web site, that’s what
    this web site is providing.

  • June 1, 2021 at 3:08 am
    Permalink

    Hey there! This is kind of off topic but I need some
    advice from an established blog. Is it hard to set up your own blog?
    I’m not very techincal but I can figure things out pretty fast.

    I’m thinking about creating my own but I’m not sure where to start.
    Do you have any ideas or suggestions? Thanks

  • June 1, 2021 at 4:24 pm
    Permalink

    Howdy are using WordPress for your site platform?
    I’m new to the blog world but I’m trying to get started
    and create my own. Do you need any coding knowledge to make your own blog?
    Any help would be greatly appreciated!

  • August 9, 2021 at 2:31 pm
    Permalink

    Wonderful post! We are linking to this particularly great
    content on our website. Keep up the great writing.

  • August 10, 2021 at 9:24 pm
    Permalink

    It’s not my first time to visit this web site, i am visiting this web
    site dailly and obtain pleasant data from here daily.

  • August 12, 2021 at 1:23 am
    Permalink

    Excellent blog here! Also your website loads up fast!
    What web host are you using? Can I get your affiliate link
    to your host? I wish my web site loaded up as quickly as yours lol

  • August 16, 2021 at 11:27 am
    Permalink

    Very good post! We will be linking to this particularly great post on our website.
    Keep up the good writing.

  • August 17, 2021 at 3:26 am
    Permalink

    Oh my goodness! Awesome article dude! Many thanks, However I am going through issues
    with your RSS. I don’t understand why I am unable
    to join it. Is there anyone else having identical
    RSS issues? Anyone who knows the answer can you kindly respond?
    Thanks!!

  • August 22, 2021 at 10:19 am
    Permalink

    I am really enjoying the theme/design of
    your weblog. Do you ever run into any browser compatibility issues?
    A couple of my blog visitors have complained about my website not operating correctly in Explorer but looks
    great in Chrome. Do you have any recommendations to help fix
    this problem?

  • August 25, 2021 at 3:55 pm
    Permalink

    Hi there, everything is going sound here and ofcourse every one is sharing data, that’s genuinely good, keep up writing.

  • September 1, 2021 at 4:04 pm
    Permalink

    I think the admin of this web page is truly working hard for his
    web site, since here every data is quality based material.

  • September 1, 2021 at 6:42 pm
    Permalink

    Hello there, You’ve done a great job. I will definitely digg it
    and personally recommend to my friends. I’m confident they’ll be benefited
    from this site.

  • September 4, 2021 at 2:54 pm
    Permalink

    Ahaa, its good discussion concerning this piece of writing at this place at this webpage, I have read all that, so at this
    time me also commenting here.

  • September 10, 2021 at 5:44 am
    Permalink

    you’re really a just right webmaster. The website loading speed is amazing.
    It sort of feels that you are doing any distinctive
    trick. Furthermore, The contents are masterpiece. you’ve done a magnificent process on this subject!
    quest bars http://j.mp/3jZgEA2 quest bars

  • September 12, 2021 at 8:18 am
    Permalink

    Ahaa, its fastidious dialogue regarding this article here at this webpage,
    I have read all that, so now me also commenting at this place.
    ps4 games https://j.mp/3nkdKIi ps4 games

Leave a Reply

Your email address will not be published.

%d bloggers like this: