NatCom Development & Investment Limited, trading as ntel, today announced a major board reshuffle that ushers in a new era of leadership under the continued chairmanship of Gen. T.Y. Danjuma (rtd.), as the pioneer Nigerian telecoms operator sets sights on business renewal and sustainable growth.
In a statement seen by Technology Times, ntel confirmed the appointment of Adeleke Alex-Adedipe, Dr. Ayodeji Joshua Richards, Maryam Mutallab, Olaide Aremu, and Soji Maurice-Diya, who will also serve as Managing Director/Chief Executive Officer (MD/CEO) of ntel.
Danjuma, alongside Dr. Tunde Ayeni, a legacy director and key minority shareholder, will lead the company’s new board as ntel pursues a turnaround strategy focused on strengthening governance, unlocking value from its nationwide telecoms infrastructure, and reenergizing its finances.
According to ntel, the board changes reflect a renewed focus on “serving the Nigerian telecommunications ecosystem at large, reenergizing finances and unlocking value from existing infrastructure.”
Under its refreshed leadership, ntel says it is implementing a recovery plan that emphasizes cash-flow stability, asset monetization, and a return to commercial broadband and roaming services. The company said it is actively monetising its nationwide portfolio of telecoms and real estate assets to create new revenue streams in the short term.
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In a joint statement, the board described the moment as “defining” in ntel’s transformation journey:
“It is a rare privilege to steward ntel at such a defining moment,” the directors said. “We are energised by the opportunities ahead and look forward to working closely with management to unlock greater value from our infrastructure and shape a future-focused, sustainable business. Our goal is clear: to position ntel as a robust, investor-friendly enterprise that delivers on Nigeria’s digital aspirations.”
Industry analysts say the new appointments bring together a blend of expertise spanning telecommunications law, finance, entrepreneurship, and governance, key to driving ntel’s turnaround efforts.
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NatCom Development & Investment Limited, trading as ntel, today announced a major board reshuffle that ushers in a new era of leadership under the continued chairmanship of Gen. T.Y. Danjuma (rtd.), as the pioneer Nigerian telecoms operator sets sights on business renewal and sustainable growth. Image credit: ntel. Adeleke Alex-Adedipe – Managing Partner at law firm Duale, Ovia & Alex-Adedipe. A corporate and commercial lawyer with nearly 20 years’ experience, he leads the firm’s Technology, Media & Telecommunications practice and its M&A, banking and finance groups. His background in telecoms transactions and finance documentation will support Ntel’s asset monetization and deal-making needs.
- Dr. Ayodeji Joshua Richards – A veteran banking executive (formerly a managing director at GTBank Gambia) with deep experience in financial oversight and corporate restructuring. He will strengthen the board’s capacity for fiscal governance and help ensure disciplined cash management during Ntel’s turnaround.
- Maryam Mutallab – Entrepreneur and education advocate. Founder of the Noble Hall Leadership Academy for Girls, she has led initiatives in youth development and built networks in telecoms distribution for MTN as well as community projects. Her entrepreneurial perspective and telecoms distribution experience will aid Ntel’s commercial strategy and community engagement efforts.
- Olaide Aremu – An ACCA-qualified finance executive and Group Chief Financial Officer, Ancestral Holdings – a vast multi-industry Nigerian conglomerate. With extensive experience in corporate finance, treasury management and internal controls, she adds critical oversight of financial planning and reporting as Ntel restores profitability.
Newly-appointed CEO Soji Maurice-Diya said the reshaped board “aligns the skills we need with the tasks ahead,” adding that the strengthened governance framework will “build investor confidence and position ntel as a sustainable, growth-oriented company in Nigeria.”
The leadership transition, anchored by Gen. T.Y. Danjuma’s continuity as Chairman, signals what insiders describe as a fresh start for ntel, which once pioneered Nigeria’s 4G/LTE broadband service.
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