“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 Group Limited said in a press statement.
The country’s second largest mobile operator also noted that shareholders have been adviced of Patel’s hasty decision to jump ship, replacing him Brett Goschen. The present incumbent was appointed Chief Executive Officer (CEO) of MTN Ghana in 2006 and also headed the MTN Nigeria division in 2011.
“Brett Goschen has been appointed as Group Chief Financial Officer and executive financial director on the Board, with immediate effect. Mr Goschen joined the Group as Chief Financial Officer of MTN Nigeria in 2002,” the statement reads.
MTN Group is a South Africa-based multinational mobile telecommunications company with an estimated 182.7 million customers in Africa, Europe and the Middle East.
The Group made headlines in March this year after cellular group, Turkcell, filed a 4.2 billion US dollars lawsuit against it at the US Supreme Court for alleged bribery.
The Turkish mobile operator was accusing MTN of supporting Iran’s nuclear power development programme in 2005 and also enlisted the South African government’s support, according to media reports. Turkcell later withdrew the lawsuit.