Thursday , October 21 2021

MTN announces new Board of Directors, makes Ex NCC boss chairman-designate

MTN Nigeria has appointed Ernest Ndukwe as Chairman-designate of its newly constituted Board of Directors. Ndukwe is a former Executive Vice Chairman/Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC).

In addition, the telecommunication giant announced the appointment of six new Directors.

They include Michael Onochie Ajukwu and Muhammad K. Ahmad, OON, both of whom were appointed as Independent Non-Executive Directors.

Furthermore, four others – Andrew Alli , Omobola Johnson, A.B. Mahmoud (OON) and Ifueko Okauru, MFR – were appointed as Non-Executive Directors.

Their appointment takes effect from September 2nd 2019.

CEO, MTN Nigeria, Ferdinand Moolman, expressed his delight with the appointees. Further, he disclosed that the Directors boast a skill-set that will come in handy in the rapidly evolving technology ecosystem.

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“I want to extend a warm welcome to the incoming Directors. The technology industry is fast -moving. Our next 18 years offer a wealth of new and exciting opportunities as a fully digital operator.

“Their combination of extensive experience across the worlds of technology, finance, regulatory and policy development and corporate governance offers a hugely synergistic set of skills that will be of great benefit to us as we move into a new phase of growth.”

The appointments followed the expiration of the tenure of the erstwhile Board led by Dr. Pascal Dozie.

Moolman hailed the vital contribution made by the outgoing Directors over the past 18 years. Further, he recognized the indelible efforts of Dozie, the company’s pioneer Chairman.

MTN Nigeria owes outstanding strides to outgoing Board, says CEO

“On behalf of MTN Nigeria, I would like to offer our heartfelt thanks to our pioneering Chairman, Pascal Dozie and the outgoing Directors. Our journey over the last 18 years has been incredible. It would not have been possible without the initial entrepreneurial spirit of our founding directors, and their unfailing and dedicated support for MTN Nigeria’s vision over the years.

“I could not have asked for a more supportive, knowledgeable and experienced group of advisors.”

Speaking on behalf of the outgoing Directors, Dozie expressed pride in the immense strides recorded by MTN over the years.

“In 2001, when I made the first call on the MTN Nigeria network, I don’t think anyone envisaged the pace and scale of growth that we, and the broader telecoms sector would achieve over the next 18 years. It is a unique story that we are immensely proud of.

“Having served as Chairman of MTN Nigeria for all of those 18 years, I achieved a long -held ambition earlier this year, when MTN Nigeria listed on the Nigerian Stock Exchange, providing an opportunity for a wider pool of Nigerians to become investors in the company. I cannot think of a better time to be handing over the reins of the company to a new Chairman, and to a new group of distinguished Nigerian Directors.

“Not only is this in line with best practice, which we are fully committed to as a member of the premium board of the Nigerian Stock Exchange, it is also absolutely aligned to the company’s future.

On behalf of the out-going Directors, I would like to thank the Board and Management of MTN Nigeria for their support over the years and to welcome the incoming directors. They have a hugely exciting future in front of them, and I believe, the opportunity to make the next 18 years even more successful than the last.”

Ndukwe, MTN Nigeria’s new Chairman-designate is widely renowned as one of the figures instrumental to Nigeria’s ICT revolution.

He was appointed EVC of the NCC in February 2000 by former President, Olusegun Obasanjo. After his initial tenure, he was re-appointed for a second term of five years. Consequently, he proceeded to preside over the building of an internationally respected institution. His astute leadership saw the NCC earn a reputation as a strong, transparent and open regulatory agency.

Under his tenure at the NCC, the ICT industry witnessed tremendous growth and transformation. This led to what has been generally referred to as the era of Nigeria’s Telecommunication Revolution.

About Bukola Olanrewaju

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