MTN Chief Financial Officer resigns

Johannesburg – MTN’s group chief financial officer Nazir Patel has resigned, the company said on Monday.

'Mr Patel explained to the company that he did 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.

It was not clear what the allegations were. Patel resigned on Sunday with immediate effect.

Brett Goschen was appointed in Patel’s place.

Goshen joined the group as chief financial officer of MTN Nigeria in 2002 and was appointed chief executive officer of MTN Ghana in 2006. He returned to Nigeria in 2011 as chief executive officer.

'The board is confident that Mr Goschen has the appropriate expertise and experience for his new role,' the company said. – Sapa

MTN Group Ltd. (MTN) Chief Financial Officer Nazir Patel resigned and was replaced by Brett Goschen amid an investigation at Africa's largest wireless operator.

Patel '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 today.

Patel left the company yesterday and was immediately replaced with Goschen, who was chief executive officer of MTN's Nigeria unit and previously led Ghana operations. MTN didn't immediately respond to calls seeking comment.