MTN Nigeria Shares Tumble Amid Reports of Sexual Harassment

By Dipo Olowookere

MTN Nigeria shares depreciated by 50 kobo or 0.25 per cent on Friday amid reports that one of its top officials allegedly harassed some female employees sexually.

On Wednesday, there were reports that the alleged victims wrote a petition to the headquarters of MTN Group in South Africa, accusing the Chief Sales and Distribution Officer of MTN Nigeria, Mr Adekunle Adebiyi, of using his position in the company to sleep with young female employees.

This information may have rattled some shareholders of the company, who quickly rebalanced their holdings, causing the stock price of the telco on the floor of the Nigerian Exchange (NGX) Limited to fall slightly on Friday.

MTN Nigeria is one of the shakers of the local stock market and when it sneezes, the exchange reacts. This may have resulted in the 0.06 per cent loss recorded by the bourse during the trading session.

According to reports, Mr Adebiyi was alleged to have threatened some of his victims with sacking if they fail to give in to his demands.

They also accused him of inflating contracts, receiving kickbacks and inventing false sales figures to deceive the company’s management and continue to keep his coveted role.

According to the aggrieved employees, Mr Adebiyi, despite his alleged gross misconducts and acts of corruption and sabotage against MTN Group, had the full backing of MTN Nigeria Chief Executive Officer, Mr Karl Toriola, and other top officers in the company.

In some of the emails sent to Nerisha Singh, General Manager, Forensic Services, of MTN Group, by The Anonymous Whistle-Blowers, the women said, “We are writing because the man, Adekunle Adebiyi, who heads sales, is a dangerous threat to your company. We wish men like Adekunle Adebiyi will not destroy MTN Nigeria. You left a monster and sexual predator to continue in office but after one year, we can no longer be silenced by his continued intimidation.

“Many of us became victims of his boastful abuses and direct punishments. Three persons resigned in S& [image: grin] through his intimidations and threats. Kumar Abubakar, a resourceful Senior Manager, was fired by him and Amina, his GM in the North, on trumped-up charges because Kumar knows all their fake and forged gross connections, numbers and sales figures. They know he would expose them to forensics.

“Sales conferences are always his grounds for his sexual escapades where he uses his front and power to lure young innocent MTNNers levels 1, 2, 3, vulnerable girls into sex.

“Your sexual harassment policy is not protecting levels 1, 2 or 3 or young girls. They are victims of Adekunle Adebiyi’s sexual harassment. They can’t talk or report him because they will lose their jobs. We have many cases reported to close friends instead of HR because they don’t trust HR.

“His bribery and corruption with NIMC Nigeria, collecting money from vendors through his fronts and flooding MTN Nigeria with his family and friends as SIM registration agents have continued.

“Adekunle is a bad egg. His corruption is beyond imagination. One of our anonymous members shared a message from him to a finance staff member compelling them to pre-pay a vendor for a big contract, so he can collect his bribes upfront.

“He gives contracts to vendors abroad at higher costs because of money they want to collect as bribes. The procurement staff and Finance team know this but could not report it until some of them joined this whistleblower group. Yet they are still afraid because our jobs are threatened by these men who work for Adekunle.

“Check the employments of his many relatives, especially of Ekundayo Fatoki, Customer Acquisition Manager. He failed interviews but Adekunle and his cohorts brought him in re-conducting the interviews two times or more times. The two ladies he sexually harassed are now afraid, too, to come with proof because our jobs are not safe. We are scared and our lives are at risk. Adekunle and his cohorts are powerful and can exterminate us if they have to.

“Two board of directors are his men. Cyril Ilok, head of forensics, is his womanising and drinking partner, who will never allow all the petitions from the staff to go through investigations.

“He takes bribes from vendors and settles his boys and girls in all the units he carries out fraudulent activities, including procurement. Four years ago he fired Daniel and Bukola because they know his secrets about fraudulent activities in all the procurements deals for MTN.

“The people had videos of when his fronts collected the money as bribes unfortunately, they were threatened and fired. The two former staff members are still alive if you want to investigate.

“He virtually uses his fronts and his friends to pitch all the works for customer acquisitions, supplies of MTN airtime and merchandising from the time he was acting as sales and distribution executive till now, money running into billions of naira.

“He can continue to tell lies to Enzo Scarcella, the Group Chief Consumer Officer, his team or Jens in South Africa or even the COO in Nigeria; we know he is a fraudulent man with figures.

“He has boasted to vendors and trade partners as long as Cyril Ilok and Karl Toriola are in MTN Nigeria, nothing will happen to him.

“As at today, MTN Nigeria has over eight court cases of former trade partners Adebiyi removed or terminated their appointments in manners that left a lot to be desired.

“Fire or remove Adekunle Adebiyi before you pay another fine or get into Nigeria’s murky waters.”

The whistleblowers further alleged that Adebiyi used proceeds of his alleged corrupt dealings in MTN Nigeria to purchase a house in Manchester, United Kingdom, and also build a multi-million naira state-of-the-art school for his wife in Lagos.

“How much does he earn as an executive in MTN that he bought a house in Manchester, UK, including the big school he built for his wife in Lagos,” the aggrieved employees added.

Responding in an email to the allegations made against Adebiyi by the employees, Singh said, “We assure you of our prompt attention to all the concerns raised and that the matters raised will be fully investigated.

“On the sexual harassment complaints raised; MTN is committed to providing a safe environment for all its employees free from discrimination on any ground and harassment at work, including sexual harassment. MTN operates a zero-tolerance policy for any form of sexual harassment in the workplace. All complaints of sexual harassment will be taken seriously and treated with respect, sensitivity and in confidence.”