MTN Nigeria Communications Plc has announced the appointment of three new directors to its Board, effective January 2, 2025. The appointments, disclosed in a regulatory filing to the Nigerian Exchange Limited (NGX), aim to enhance the company’s governance and strategic leadership.
The new directors, Mrs. Eyitope Kola-Oyeneyin, Mr. Odumezuo Nwuneli, and Mr. Tim Pennington, bring diverse expertise across various fields to the MTN Board. Mrs. Kola-Oyeneyin has over 20 years of experience in systems transformation and leadership, driving value through digital transformation and large-scale project execution. She played key roles in initiatives such as the Cashless Lagos programme and SANEF agent banking, advancing financial inclusion in Nigeria. She is also an advocate for youth empowerment, authoring UNLEASH, a guide for economic transformation in Africa.
Mr. Nwuneli, with 27 years of private equity and corporate finance expertise, is the Managing Partner at Sahel Capital, focusing on food and agribusiness investments across sub-Saharan Africa. His career includes raising capital, advising on mergers and acquisitions, and co-founding AACE Foods and Sahel Consulting, advancing agriculture and impact investing in Nigeria.
Mr. Pennington brings extensive international experience in corporate finance and telecommunications. As a former CFO at Millicom International Cellular, he led transformative projects that strengthened the company’s position in the Latin American telecom market. With leadership roles in organizations listed on global stock exchanges, he adds a strong global perspective to MTN’s strategic direction.
MTN Nigeria believes the addition of these accomplished leaders will bolster its governance and decision-making processes, supporting its commitment to growth, innovation, and alignment with global best practices.
