Business · Companies · 4 hrs ago
MTN Nigeria appoints five new directors, including two former 9mobile leaders
MTN Nigeria has appointed five new board directors, including two executives who previously worked for rival operator Etisalat Nigeria.
Boye Olusanya, who led Etisalat Nigeria as it became 9mobile in 2017, and Ibrahim Dikko, a former regulatory affairs executive there, will join as independent directors on December 1, 2026.
The other appointees are corporate governance scholar Fabian Ajogwu, infrastructure finance executive Imoni Akpofure and MTN Group risk chief Lwazi Bam.
The appointments bring experience in telecoms, finance and oversight as MTN Nigeria says it wants to strengthen the board and support the company’s growth.
The former rival has since changed hands and became T2 Mobile in 2025; it partly relies on MTN’s network through a roaming deal.
MTN Nigeria reported ₦1.17 trillion in profit for the first nine months of 2026, up 55.3% from the same period a year earlier.
The five directors are due to take up their roles on December 1, with the company expecting them to help shape its future direction.
MTN Nigeria will appoint five new board directors, including former 9mobile chief executive Boye Olusanya and former Etisalat Nigeria executive Ibrahim Dikko.
The appointments were disclosed in a notification to the Nigerian Exchange on November 3, and the directors are due to join on December 1, 2026.
Professor Fabian Ajogwu and Imoni Akpofure will join as non-executive directors, alongside Lwazi Bam, MTN Group’s chief risk officer.
MTN Nigeria said it expects the appointments to improve the board’s work and contribute to the company’s growth and future direction.
The appointments come as MTN Nigeria reported a profit after tax of ₦1.17 trillion for the nine months to September 2026, up 55.3% from a year earlier.
- Who
- MTN Nigeria is appointing Boye Olusanya, Ibrahim Dikko, Fabian Ajogwu, Imoni Akpofure and Lwazi Bam.
- What
- The five are joining the company’s board as independent non-executive or non-executive directors.
- When
- They are due to join on December 1, 2026. The appointments were disclosed on November 3.
- Where
- MTN Nigeria, in Nigeria.
- Why
- The company said it expects the directors to improve how the board works and contribute to its growth and future direction.
This story does not have two clearly opposing sides.
MTN Nigeria disclosed the five appointments in a notification to the Nigerian Exchange.
The five new directors are due to join the board.
- Directors appointed
- Boye Olusanya, Ibrahim Dikko, Fabian Ajogwu, Imoni Akpofure and Lwazi Bam
- Start date
- December 1, 2026
- Disclosure date
- November 3, 2026
- Profit after tax
- ₦1.17 trillion for the nine months to September 2026
- Year-on-year increase
- 55.3% compared with the same period a year earlier