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At MTN Nigeria, Farroukh out, Goschen in….as firm pumps in $1bn more investment

By Prince Osuagwu

MTN Nigeria, yesterday, announced an investment potfolio of about $1 billion to shore-up its operations in the country and maintain its market leadership. This is even as the company’s parent body, MTN Group has appointed the CEO of MTN Ghana, Brett Goschen to replace Ahmed Faroukh, who is now the Vice President in charge of the West and Central Africa (WECA) region.

Faroukh was CEO of MTN Nigeria for almost five years and recently acting VP for the WECA region, which includes Nigeria, Ghana, Cote d’Ivoire, Cameroon, Congo Brazaville, Guinea Bissau, Guinea Conakry, Liberia and Benin.

Dropping the hint, yesterday, Corporate Services Executive of MTN Nigeria, Mr Wale Goodluck, said that MTN considered Nigeria a very important market to the existence of the company and will do everything possible to inject funds to stabilize its operations in the country.

According to him, the company does not only see the Nigerian market as a prime market to its economy but also value the Nigerian professionals working in the company and therefore, from time to time, elevate them to decision making executive positions.


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