MTN Group and its former chief executive officer (CEO) Ahmad Farroukh will be heading to court this October following failure to resolve the lingering claim on severance package.
During his nine-year career at the company, Mr Farroukh was the CEO of both MTN Nigeria, MTN South Africa and group chief operating executive (GCOE); managing 19 operations.
He led MTN’s unprecedented subscriber base growth from nine to 40 million.
Sources who are privy to the dispute between the company and its former chief executive, according to The Nation on Monday, said the amount of severance package in contention was seven digits of dollars.
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Six years ago, Farroukh dragged MTN Group to court over his severance package. The case however suffered delays.
Farroukh’s lawyers alleged that MTN might be deliberately prolonging the case with a view to wearing him down.
Efforts to reach Farroukh and MTN for comments were unsuccessful, the newspaper said.
The case has been scheduled for hearing on October 16.
