Ntel just announced that they’re changing their board structure. General TY Danjuma will take Dr. Tunde Ayeni’s place as chairman, and Dr. Ayeni (who is also Chairman of the board of Skye Bank) will move to Vice Chairman. I’ve reproduced the original release below.
NatCom Development & Investment Limited “NatCom” (trading as ntel) has announced a key addition to its board and the emergence of elder statesman, accomplished businessman and respected philanthropist, General TY Danjuma as Chairman.
The announcement was made on Wednesday, July 27th 2016 following General Danjuma’s inaugural board meeting. With General Danjuma as board chairman, former chairman, Dr. Tunde Ayeni, becomes Vice Chairman. Other members of the board include Captain Idahosa Okunbo, Abiola Ayeni, Kasheem Shettima, Philip Chukwu, Kola Adesina, John Darlington, Dan Kunle, Babatunde Omotoba and Kamar Abass.
General Danjuma, fondly known as ‘the green general’ on account of his environmental activism, has interests in oil and gas, banking and shipping. A respected environmentalist and philanthropist, he was Chairman of Abuja Green Society and through his own Danjuma Foundation, established in 2009, passionately supports poverty alleviation, education and medical aid initiatives across Nigeria.
General Danjuma brings to the ntel board robust commercial experience covering some three decades in the public and private sectors, following a successful career in the army from where he retired as a three-star General and Chief of Army Staff in 1980. He also served as Minister of Defence in the first term of the civilian administration of President Olusegun Obasanjo.
Commenting on this key addition to ntel’s board, Kamar Abass, ntel’s CEO, remarked “we are delighted to have a man of General TY Danjuma’s standing join us. As our new chairman, and as a shareholder, we welcome his support as we add momentum to our growth and development in Nigeria’s telecoms industry. We expect to benefit enormously from General Danjuma’s sterling leadership credentials and, in this way, to build on the excellent work of our immediate past chairman, Dr. Tunde Ayeni, who positioned ntel to deliver the leading Broadband experiences already evidenced in Lagos and Abuja.”
ntel commenced commercial operations of its 4G/LTE-Advanced network on 08-04-16 in Lagos and Abuja. Network services in Port Harcourt are scheduled to commence early in Q4. NatCom projects making investments totalling more than $1billion by 2020.