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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Former MTN CEO Ahmad Farroukh is embroiled in a $1 million severance pay dispute with MTN six years after leaving the company
    Ahmad Farroukh

    Former MTN CEO Ahmad Farroukh is embroiled in a $1 million severance pay dispute with MTN six years after leaving the company

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    By Tapiwa Matthew Mutisi on September 25, 2023 Africa, Business, Legal, News, People, Technology, Telecoms

    MTN South Africa is currently embroiled in a protracted legal battle with former Chief Executive Mr. Ahmad Farroukh, who now serves as group CEO of Smile Communications, over the non-payment of his severance pay exceeding more than $1 million (R18.8 million).

    The legal battle with MTN still lingers more than six years after he exited the company. Farroukh had served MTN meritoriously and without blemish. 

    However, his post-employment journey has taken a different course, marred by, what many believe is an avoidable dispute over Farroukh’s entitled End of Service benefits had MTN been more judicious.

    The end of Service benefits accrued during his years with MTN and were at the time of his employment carried by Investcom, which was bought by MTN in mid-2006.

    Mr. Farroukh, renowned for his illustrious career within the MTN Group for 9 years, served as the CEO of both MTN Nigeria, and MTN South Africa and as group Chief Operating Executive; managing 19 Operations, achieving remarkable milestones in growth and profitability, including the unprecedented growth of MTN Nigeria’s subscriber base from nine to forty million during his tenure. He was also the GCOE of MTN Group, superintending over 19 operations, the bulk of which, thanks to his instrumentality, were profitable. 

    However, his glorious years of service have unexpectedly been marred by disputation. Invariably, the bone of contention, it was learned, revolves around Farroukh’s claim for End of Service benefits entitled to him upon separation from MTN, which is believed to be in seven digits. It has now been six years since Farroukh initiated legal proceedings against MTN.

    However, it was gathered that despite these obstacles, Mr. Farroukh remains resolute and finally the court case is scheduled for October 16th, 2023. It was further revealed that his unwavering commitment to holding MTN accountable for what he believes is his rightful due has garnered attention and support from fellow employees and industry observers alike.

    Many view this present case as a test of whether MTN, a company that promotes fairness and champions employee rights, can live up to its public image as a responsible corporate citizen.

    Mr. Farroukh’s plight raises broader questions about corporate accountability and the treatment of employees, even in successful and prominent companies. 

    But our very reliable source confirmed that neither of the warring parties is prepared to sheath the sword. As the legal battle commences, the world watches with bated breath, eager to see if justice will ultimately prevail. 

    The consensus among ardent followers of development in this protracted court case is that the wheels of justice grind slowly but surely.

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    Africa Ahmad Farroukh Legal Dispute MTN South Africa Severance Packages Smile Communications Technology Telecommunication
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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