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HomeTop NewsMTN Nigeria Appoints Ex-CEO Of Telecoms Regulator Ndukwe As Chairman

MTN Nigeria Appoints Ex-CEO Of Telecoms Regulator Ndukwe As Chairman

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The pioneer chief executive of the Nigeria telecoms regulator, Ernest Ndukwe has been appointed chairman-designate at the Nigeria unit of South Africa’s MTN following a shakeup in its board on Wednesday.

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Ndukwe, ex-chief executive of the Nigerian Communications Commission (NCC), will take over from Pascal Dozie, also a former chairman of defunct Diamond Bank who has been at the helm for almost two decades, on Sept. 2, MTN said in a statement.
In addition to Ndukwe, MTN has appointed former Nigerian pension regulatory chief Muhammad Ahmad, ex-minister for communication Omobola Johnson and ex-banker Andrew Alli who once represented the International Finance Corporation to MTN Nigeria’s board.
“(The) 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,” MTN Nigeria Chief Executive Ferdinand Moolman said.
MTN Nigeria grew to become Nigeria’s biggest telecoms firm under Dozie, who steps down alongside five other directors after 18 years at the helm of the company.
Majority owned by South Africa’s MTN Group, MTN Nigeria listed on the local bourse in May in a 2 trillion naira debut, in part to settle a long-running dispute in Nigeria, its biggest market.
That listing turned the telecoms company into the exchange’s second-largest stock by market value.

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