NatCom Development and Investment Limited (NatCom) otherwise known as Ntel has announced a key addition to its board and the emergence of elder statesman, General T.Y. Danjuma (rtd) as chairman.
His appointment as Chairman came in the wake of his strategic and significant investment in ntel.
The announcement was made yesterday following Danjuma’s inaugural board meeting.
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, he passionately supports poverty alleviation, education and medical aid initiatives across Nigeria.
The former Minister of Defence 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.
Olatunde Ayeni, lawyer, investor, businessman, key promoter of Ntel and until yesterday the Chairman of the Board is now the Vice Chairman.
A vibrant, energetic and new generation businessman with never-say fail spirit, Ayeni will join hands with the new chairman to drive the new board alongside Danjuma.
Other members of the board include Capt. Idahosa Okunbor, Biola Ayeni, Kasheem Shettima, Phil Chukwu, Kola Adesina, John Darlington, Dan Kunle and Tunde Omotoba.
Commenting on this key addition to Ntel’s board, its Chief Executive Officer, Kamar Abass, remarked “we are delighted to have a man of 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 Danjuma’s sterling leadership credentials and, in this way, to build on the excellent work of our immediate past chairman, 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 April 8, this year 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.