NatCom Improvement and Funding Restricted (buying and selling as ntel), the corporate that acquired Nigeria’s nationwide telecommunication firm NITEL, has appointed a brand new board of administrators because it prepares for a industrial relaunch in January 2026. The corporate is contemplating a hard and fast wi-fi house play because the market entry that may find yourself previous an earlier roaming/MVNO play, in keeping with one particular person with information of the matter.
The brand new board consists of Adeleke Alex-Adedipe, Ayodeji Joshua Richards, Maryam Mutallab, Olaide Aremu, and Soji Maurice-Diya, who will function Managing Director/CEO. The administrators will function underneath the continued chairmanship of Gen. T.Y. Danjuma and the legacy director and minority shareholder, Tunde Ayeni.
The board overhaul displays ntel’s give attention to reenergising its funds, optimising property, and reestablishing itself as a key participant in Nigeria’s telecommunications sector. Underneath its new management, ntel is implementing a turnaround technique targeted on cash-flow stability, asset monetisation, and a return to industrial service.
The corporate stated it’s at present “monetising its nationwide portfolio of telecommunications and actual property property” as a part of efforts to diversify income streams and strengthen liquidity forward of its relaunch.
In a joint assertion, the board described the transition as coming at a “defining second” in ntel’s restoration journey.
“It’s a uncommon privilege to steward ntel at such a defining second. We’re energised by the alternatives forward and stay up for working carefully with administration to unlock higher worth from our infrastructure and form a future-focused, sustainable enterprise,” the board stated. “Our aim is obvious: to place ntel as a sturdy, investor-friendly enterprise that delivers on Nigeria’s digital aspirations.”
The brand new board members deliver a mix of authorized, monetary, and operational experience vital to ntel’s revival. Alex-Adedipe, Managing Companion at Duale, Ovia & Alex-Adedipe, brings practically twenty years of expertise in telecom and M&A legislation. Richards, a former GTBank Gambia Managing Director, strengthens the corporate’s monetary governance capability. Mutallab, founding father of Noble Corridor Management Academy for Ladies, provides entrepreneurial and group engagement perception. Aremu, Group CFO of Ancestral Holdings, brings deep experience in company finance and inside controls.
Maurice-Diya stated the board’s composition “aligns the talents we’d like with the duties forward,” emphasising that robust governance shall be key to restoring investor confidence and attaining ntel’s aim of turning into a sustainable, growth-oriented telecom model in Nigeria’s digital financial system.
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