KEY POINTS
- Ntel names new board ahead of January 2026 relaunch.
- Danjuma leads ntel’s turnaround and governance reform.
- Ntel’s key goals are also to make money, come up with innovative ideas, and gain investors’ trust.
NatCom Development and Investment Ltd., owner of Nigeria’s defunct national telecom carrier NITEL and now trading as ntel, has appointed a new board of directors as part of a major restructuring ahead of its January 2026 commercial relaunch.
The move is being driven by Gen. T.Y. Danjuma, ntel’s controlling shareholder and chairman, who is leading efforts to revive the once-dormant brand. The company is reportedly exploring a fixed wireless home broadband service as its initial offering, before expanding into roaming or mobile virtual network operations.
Ntel’s new chief executive, Maurice-Diya, will lead the company’s turnaround strategy, focusing on liquidity management, service innovation, and rebuilding investor confidence.
Ntel’s revival plan targets cash flow stability
The newly appointed directors include Adeleke Alex-Adedipe, Ayodeji Joshua Richards, Maryam Mutallab, Olaide Aremu, and while Soji Maurice-Diya will serve as managing director and CEO. They join Danjuma and existing director and minority shareholder Tunde Ayeni.
In a statement, the company said it is monetizing its nationwide portfolio of telecom and real estate assets to boost liquidity and diversify income streams before its relaunch.
“While this transition comes at a defining moment in ntel’s recovery journey,” the board said. “We are focused on unlocking greater value from our infrastructure and building a sustainable, investor-friendly enterprise that supports Nigeria’s digital future.”
Leadership also brings deep telecom and finance experience
Furthermore, the new board blends legal, financial, and operational expertise. Alex-Adedipe, managing partner at Duale, Ovia & Alex-Adedipe, has nearly two decades of telecom, also M&A experience.
Richards is a former managing director of GTBank Gambia; Mutallab founded Noble Hall Leadership Academy for Girls, and Aremu serves as group CFO at Ancestral Holdings.
According to Billionaires Africa, Ntel’s new chief executive, Maurice-Diya, will lead the company’s turnaround strategy, focusing on liquidity management, service innovation, and rebuilding investor confidence.
