NatCom Development Investment Limited, operators of the Ntel 4G/VoLTE Network, has appointed Mr. Babatunde Omotoba as its Managing Director/Chief Executive Officer.
The acting General Manager, Corporate Affairs, Ntel, Damian Udeh, in Lagos, said the appointment was with effect from May 7, 2019.
Udeh said until his appointment as the CEO, Omotoba had served for three years as a high-performing non-executive director at Ntel on various committees of the board.
He said Omotoba would take over from Ernest Akinlola who recently resigned as the MD/CEO.
He said Omotoba is a seasoned administrator with over 30 years of general management, telecoms, transportation, power, aviation, financing, private equity, investment, due diligence, auditing, consulting, construction and structural engineering experience.
“As the Group Chief Operating Officer of Ancestral Holdings for four years, he managed various group companies in various sectors, including telecoms, financial services, construction and transportation, power, real estate; among others.
“He has also executed various safety critical infrastructural projects in the aviation sector of the Nigerian economy, including the Total Radar Coverage of Nigeria Airspace.
“As an investor, he structured and invested more than $200 million in over 12 projects with total transaction size in excess of $1.2 billion in the United States of America and in Nigeria.
“As an accountant, he managed due diligence reviews, and performed audits, fraud investigations, financial consulting, and diagnostic reviews. He also carried out value-for-money review for the over $1bn Nigerian Government’s Petroleum Trust Fund (PTF) consulting contracts,” he said in a statement.
Udeh said Omotoba assisted in developing the planning and budgeting, financial reporting and assets and liabilities management programmes for one of the largest banks in Nigeria.
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