Confirmed: Ntel CEO, Kamar Abass Resigns

Change of Guards – (l-r) Capt. Hosa Okunbo, Executive Director, Dr. Olatunde Ayeni, Vice Chairman, Abhulime Ehiagwina, Acting CEO & CFO, General TY Danjuma, Chairman, Alhaji Kashim Shettima, Director, Nkechi Newton-Denila, Executive Director, Legal/Company Secretary and Dan D. Kunle, Director all of ntel during a courtesy call on General Danjuma by the board to present the Acting CEO on Wednesday.

NewswatchNigeria.com can report that the Managing Director/Chief Executive Officer(CEO) of NATCOM, trading as ntel, Kamar Abass has resigned.

The network operator now has an acting CEO pending when a substantive CEO is found.

Deputy Director and Head of Communications Mr. Toni Kan, confirmed this development in a phone conversation at about 9:00pm on Wednesday.

its was gathered that the network chief finance officer, Abhulime Ehiagwina, has been appointed as the Acting CEO,

This was also confirmed In a statement signed by nTel Director, External Affairs, Osondu C. Nwokoro,

Mr. Abass as gathered, resigned on personal and health grounds but there was no clarification on what personal and health conditions warranted his shocked resignation.

Kamar has been an active person in the Nigeria telecommunication industtry and was last seen when he granted personal interview with selected ICT editors in Lagos recently.

Dr. Tunde Ayeni, chairman NatCom (l) and Kamar Abass, CEO ntel presenting a gift to Barrister Adebayo Shittu, Honourable Minister of Communications at ntel’s Marina Office in Lagos when the Minister paid the company a courtesy visit. Credit: ntel

Recall that Kamar Abass received the Minister of Communication Barrister Adebayo Shittu, in and historic visit to telecoms operators office in Lagos.

And that 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 then subsequently in Port Harcourt by December 2016.
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Abhulime Ehiagwina, has a BSc Accounting degree from the Obafemi Awolowo University, an MBA from the University of Lagos and an Advanced Management & Leadership Programme (AMP) certificate from the Said Business School, Oxford University, UK.
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Before joining ntel as CFO, Abhulime was CFO & 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 3 years and raised a $250m Eurobond, first non-bank or Oil/Gas Company out of Nigeria.

The Acting CEO also sat on the board of Interswitch as a non-Executive Director during this period.

He has over 25 years financial management experience.
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“But, there is no cause for alarm, as the company remains committed to existing obligations and will honour same,” the source said, adding that the leadership transition will be smooth and orderly with no impact on its operations.