Business Technology Updates

Pascal Dozie leaves MTN Board

The financial guru, Mr. Paschal Dozie, is stepping down as chairman of the Board of MTN Nigeria Communications Plc, the premier telecommunications provider, in far-reaching change that swept the entire board away for new brooms.

MTN had just finished listing its shares in the Lagos Stock Exchange under the leadership of Mr. Dozie, who has been the chairman of the company since MTN came to do business in Nigeria 18 years ago.

Dateline: 16 May 2019: The NSE officially listed 20.35 billion
ordinary shares of MTN at N90 per share on its premium board.

Dozie will be handing over to a new set of directors to be led by Chief Ernest Ndukwe, a telecommunications guru and pioneer chairman of the National Communications Commission (NCC) whose board pioneered GSM communications in Nigeria.

Among those affected in the sweeping gale of retirements with Mr. Dozie are Col. Sanni Bello, Chief Victor Odili, Malam Ahmed Dasuki, Babatunde Folawiyo, and Gbenga Oyebode.

The new board will have Chief Ndukwe, and six other Nigerians as non-executive directors. Other incoming Nigerian non-executive directors include Michael Onochie Ajulwu, MK Ahmad, Andrew Alli, Omobola Johnson, AB Mahmoud, and Ifueko Omoigui-Okauru. It is a stella assemblage of highly experienced public and private sector players, most of them with cross-cutting experience.

Ahmad was the pioneer of the Nigeria Pensions Board, Ifueko former chair of Federal Inland Revenue Service, and Omobola Commissioner for Communications in the Jonathan Administration.

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