Following the resignation of pioneer Managing Director/Chief Executive Officer, Mr. Kamar Abass, ntel, Nigeria’s first 4G/LTE-Advanced network on Tuesday appointed Abhulime Ehiagwina as Acting CEO.
A statement signed by Director, External Affairs, Osondu Nwokoro, said, “Mr. Abass stepped down from his role as CEO due to urgent personal and medical considerations.”
Osondu said Abhulime Ehiagwina will be on acting capacity while the company embark on the search for a substantive CEO in due course.”
Kamar Abass joined the Board of Directors of NatCom in 2015 as the CEO of ntel and led the company through launch on April 8, 2016 with operations in Lagos and Abuja and subsequently in Port Harcourt by December 2016.
He graduated with a Bachelor’s degree in Civil Engineering from the University of Lagos, Nigeria, and holds an MSc in Transportation Planning and Management from the University of Westminster, London, UK, as well as an MBA from Cranfield University’s School of Management, Bedfordshire, UK.
Meanwhile, the new acting CEO, Abhulime Ehiagwina, holds a BSc Accounting degree from the Obafemi Awolowo University, an MBA from the University of Lagos and an Advanced Management and Leadership Programme (AMP) certificate from the Said Business School, Oxford University, UK.
Prior to joining ntel as Chief Financial Officer (CFO), Abhulime was CFO and Board member of Helios Towers Nigeria where he oversaw the Finance and IT functions. He helped grow the company, EBITDA, by over 300 per cent in three years and raised a $250 million eurobond, first non-bank or oil/gas company out of Nigeria. He also sat on the board of Interswitch as a non-Executive Director during this period. Abhulime has over 25 years financial management experience.
In the interim, the company has assured all stakeholders that it remains committed to existing obligations and will honour them. It has also clarified that the leadership transition will be smooth and orderly in accordance with no impact on its operations.
