MTN executive resigns amid controversy

MTN has advised that group chief financial officer and executive financial director, Nazir Patel has resigned amid controversy which includes an internal investigation.

“Patel explained to the company that he 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.

Nazir Patel MTN CFO former
Nazir Patel, MTN CFO (former)

Brett Goschen has been appointed as Group CFO and executive financial director on the Board, with immediate effect.

Goschen joined MTN as CFO of MTN Nigeria in 2002. He was appointed CEO of MTN Ghana in 2006 and returned to MTN Nigeria as CEO in 2011.

“The Board is confident that Mr Goschen has the appropriate expertise and experience for his new role,” MTN said.

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MTN executive resigns amid controversy