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Business & Finance

TY Danjuma Becomes Ntel Chairman

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Nigerian business tycoon, Gen. TY Danjuma, has been named Board Chairman by the NatCom Development & Investment Limited “NatCom”, trading as ntel.

The announcement was made on Wednesday following General Danjuma’s inaugural board meeting.

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.

Fondly known as Green General on account of his environmental activism, Danjuma has interests in oil and gas, banking and shipping.

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.

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.

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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 in April 2016 in Lagos and Abuja.

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