The newly constituted board features Adeleke Alex-Adedipe, Ayodeji Joshua Richards, Maryam Mutallab, Olaide Aremu, and Soji Maurice-Diya, who will serve as Managing Director/CEO. The board will continue under the chairmanship of Gen. T.Y. Danjuma, with legacy director and minority shareholder Tunde Ayeni also on the team.
Driving a Strategic Turnaround
The board overhaul underscores ntel’s ambition to revitalise its finances, optimise assets, and reclaim its position as a key player in Nigeria’s telecommunications sector. Under the new leadership, ntel is implementing a turnaround strategy focused on cash-flow stability, asset monetisation, and a return to commercial service.
As part of this plan, the company is “monetising its nationwide portfolio of telecommunications and real estate assets” to diversify revenue streams and strengthen liquidity ahead of its relaunch. In a joint statement, the board described the transition as a “defining moment” in the company’s recovery journey.
“It is a rare privilege to steward ntel at such a defining moment. 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,” the statement read. “Our goal is clear: to position ntel as a robust, investor-friendly enterprise that delivers on Nigeria’s digital aspirations.”
Expertise to Support Growth
The new board brings a combination of legal, financial, and operational expertise critical to ntel’s revival. Adeleke Alex-Adedipe, Managing Partner at Duale, Ovia & Alex-Adedipe, contributes nearly two decades of experience in telecom and M&A law. Ayodeji Joshua Richards, a former Managing Director of GTBank Gambia, strengthens financial governance, while Maryam Mutallab, founder of Noble Hall Leadership Academy for Girls, adds entrepreneurial and community engagement insight. Olaide Aremu, Group CFO of Ancestral Holdings, brings deep corporate finance and internal control expertise.
Maurice-Diya emphasised that the board’s composition “aligns the skills we need with the tasks ahead,” noting that strong governance will be crucial to restoring investor confidence and establishing ntel as a sustainable, growth-oriented telecom brand in Nigeria’s digital economy.
With a renewed focus on infrastructure optimisation, asset monetisation, and market re-entry, ntel aims to become a competitive force in Nigeria’s telecom sector. The company’s January 2026 commercial relaunch is expected to signal a new chapter for the once-national operator, combining innovative service offerings with robust governance to attract both customers and investors.
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Ntel’s New Board
Adeleke Alex-Adedipe – Managing Partner, Duale, Ovia & Alex-Adedipe
A corporate and commercial lawyer with nearly 20 years of experience, Alex-Adedipe leads the firm’s Technology, Media & Telecommunications practice, as well as its M&A, banking, and finance groups. His expertise in telecom transactions and finance documentation will support Ntel’s asset monetisation and strategic deal-making initiatives.
Dr. Ayodeji Joshua Richards – Banking Executive
Formerly Managing Director at GTBank Gambia, Richards brings extensive experience in financial oversight and corporate restructuring. He will strengthen the board’s fiscal governance and ensure disciplined cash management as Ntel navigates its turnaround.
Maryam Mutallab – Entrepreneur & Education Advocate
Founder of the Noble Hall Leadership Academy for Girls, Mutallab has led youth development initiatives and built networks in telecom distribution for MTN, alongside community projects. Her entrepreneurial perspective and telecom distribution experience will support Ntel’s commercial strategy and community engagement efforts.
Olaide Aremu – Group CFO, Ancestral Holdings
An ACCA-qualified finance executive, Aremu oversees finance for one of Nigeria’s largest multi-industry conglomerates. With expertise in corporate finance, treasury management, and internal controls, she provides critical oversight of financial planning and reporting as Ntel works to restore profitability.