CC image courtesy of Public Relations at MTN Yemen1 on Flickr.
MTN Nigeria has denied calls made by outgoing chief financial officer (CFO) Andrew Bing for the country’s currency to be devalued in order to boost MTN’s import costs are company policy.
Bing previously told Bloomberg the naira will probably be devalued after next year’s elections, a move that would boost MTN’s import costs, but the company’s general manager for corporate affairs Funmilayo Onajide has clarified the company’s position to ThisDay, saying Bing’s comments were personal and not representative of the network’s position.
“The outgoing CFO of MTN Nigeria Mr Bing is not the spokesperson for MTN Nigeria. He expressed his personal views on the telecommunications industry and the Nigerian economy. They are not the views of MTN Nigeria. We understand that Mr Bing expressed these views in an informal discussion,” he said.
“MTN Nigeria is committed to the socio-economic growth of Nigeria and we are unwavering in our support for a virile economy and stable society.”
