NITEL, Now Ntel Get Ready for 2026 Comeback, Announces Strong Leadership Team, Led by A General
- Ntel, the company that took over NITEL, will be launching in 2026 and fully kicking off operations again
- To ensure it achieves its objective, the organisation has appointed new leadership led by General T.Y. Danjuma as chairman
- The telcom company plans a hybrid model combining fixed wireless broadband and MVNO operations
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
NatCom Development and Investment Ltd (trading as ntel), the company that acquired Nigeria’s defunct national carrier NITEL, is preparing a commercial relaunch in January 2026, marking the comeback of one of Nigeria’s telecom giants.
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Ntel strong leadership team
Ahead of the launch, ntel has announced a new board of directors that will work under the continued chairmanship of Gen. T.Y. Danjuma.
In a statement released on Tuesday, October 21, the company said the new board includes Adeleke Alex-Adedipe, Ayodeji Joshua Richards, Maryam Mutallab, Olaide Aremu, and Soji Maurice-Diya, who will serve as Managing Director and Chief Executive Officer.
Ntel said:
"The change reflects ntel’s renewed focus on serving the Nigerian telecommunications ecosystem at large, reenergizing finances and unlocking value from its existing infrastructure.
"Under its new leadership, ntel is implementing a turnaround plan that emphasizes cash-flow stability, monetization of its nationwide assets, and a swift return to commercial service through broadband and roaming services. In a recent overview of the strategy, the company noted it is “monetizing its nationwide portfolio of telecommunication assets and real estate” as it seeks new revenue streams in the short term."
Source: Getty Images
The board in a joint statement described the new phase as a “defining moment” in ntel’s recovery journey.
The statement said:
“We are renergised by the opportunities ahead and look forward to unlocking greater value from our infrastructure while shaping a sustainable, future-focused business.
"It should be noted that bringing seasoned professionals onto the board strengthens governance and accelerates execution of the turnaround strategy. The new board members each bring complementary expertise aligned with Ntel’s priorities"
Nitel, now Ntel
The leadership change comes after ntel secured fresh, undisclosed funding facilitated by the Asset Management Corporation of Nigeria (AMCON), which currently holds a 55% stake in the company.
AMCON’s ownership traces back to its 2015 intervention to rescue the telecom operator, then struggling under NATCOM, the consortium that acquired the defunct NITEL and MTel.
The capital injection will support network rebuilding and the restoration of data and voice services following ntel’s bankruptcy in 2024.
As part of its revival plan, ntel is adopting a hybrid model that combines fixed wireless broadband and mobile virtual network operations.
With over 3,500 kilometres of fibre network and 600 base stations nationwide, ntel’s return could mark Nigeria’s first successful telecom comeback story.
Nigerians to reserve 0724 phone numbers
Earlier, Legit.ng reported that Lebara Nigeria is inviting Nigerians to reserve their preferred phone numbers through its Number Reservation Portal .
The portal, featuring the 0724 number series, allows customers to choose combinations with personal significance, such as birthdays, lucky numbers, or simple patterns.
Lebara is a subsidiary of London-based Lebara Group.
Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
