Nairametrics has learnt that General T.Y Danjuma has made significant investment in ntel the struggling telecoms firm.
NatCom Development & Investment Limited “NatCom” (trading as ntel) announced today that General TY Danjuma is its Chairman and a member of the board.
The announcement was made following General Danjuma’s inaugural board meeting.
With General Danjuma as board chairman, former chairman, Tunde Ayeni the former Chairman of Skye Bank, becomes Vice Chairman.
Other members of the board include Captain Idahosa Okunbo, Abiola Ayeni, Kasheem Shettima, Philip Chukwu, Kola Adesina, John Darlington, Dan Kunle, Babatunde Omotoba and Kamar Abass.
General Danjuma brings to the ntel board some commercial experience covering some three decades in the public and private sectors, following a successful career in the army from where he retired as a three-star General and Chief of Army Staff in 1980. He also served as Minister of Defence in the first term of the civilian administration of President Olusegun Obasanjo.
Ntel commenced commercial operations of its 4G/LTE-Advanced network on 08-04-16 in Lagos and Abuja. Network services in Port Harcourt are scheduled to commence early in Q4. NatCom projects making investments totaling more than $1billion by 2020.