Saturday, July 27, 2024
24.1 C
Lagos

Former MTN CEO, Ahmad Farroukh, in 6-Year Unrelenting Quest for Justice

Telecommunications giant, MTN is currently embroiled in a protracted legal battle with a former top executive, Mr. Ahmad Farroukh over the non-payment of his severance package.

The burgeoning legal battle with MTN, which still lingers more than six-years after he had exited the company is seen as a typical case that highlights the challenges some employees face when seeking fair treatment in the corporate world.

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, 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 has unexpectedly been marred by disputation.

Invariably, the bone of contention, it was learnt, 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 but the company is said to have engaged in delay tactics and stalling of the expeditious resolution of the case.

Many keen watchers of the case suspect that MTN’s intentions might be to deliberately prolong the case with a view to wearing Farroukh down, thereby pushing him to give up on his quest for justice or to incur exorbitant legal costs capable of deterring his pursuit for justice.

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. Efforts to reach Farroukh for his comments were unsuccessful at the time of going to the press. Similar attempt to reach MTN for comments was futile. 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 wheels of justice grind slowly but surely.

spot_img

Hot this week

Moniepoint Strengthens Efforts to Broaden Financial Access Through Collaborative Initiatives

Africa’s fastest growing financial institution according to the Financial...

ITU Ranks Nigeria High in Digital Transformation Readiness

A new report of the International Telecommunication Union (ITU),...

Stanbic IBTC Empowers 200 Nigerian Future Leaders Through Transformative Scholarship Programme

Following its successful launch in 2019, with the selection...

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate...

Insurance, Banking, Telecom CEOs with Highest Media Visibility in Q2, 2024

Inspite of the challenging economic conditions and their adverse...

Topics

Leadway Assurance, Leadway Pensure Partner Nollywood on Insurance/Pension

Leadway Assurance Company Limited; Leadway Pensure PFA and Pinewood...

Ecobank Nigeria Creates Awareness for Customers on e-Naira

Ecobank Nigeria has commenced an intensive sensitization of its...

NTITA: NCC, Danbatta Bag Fresh Awards for Broadband Development

L-R: Akin Naphtal, Chief Executive Officer, InstictWave; Prof. Umar...

NAICOM, Abuja Metropolitan Council to Partner on Compulsory Insurances

The Management of Abuja Metropolitan Management Council (AMMC) led...

NETCO Posts 137% Increase in Operating Profit for 2023

The NNPC Engineering and Technical Company (NETCO), a subsidiary...

BCG Prescribes Post-COVID Recovery Roadmap for Nigeria 

The Boston Consulting Group (BCG), a global management consultancy...

NCC EVC, Aminu Maida, Urges Nokia to Invest in Nigeria’s ICT R&D

L-R: Finnish Deputy Minister for International Trade, Jarno Syrjala; Executive Vice...
spot_img

Related Articles

Popular Categories

spot_imgspot_img