After Notore takeover, Thomas Etuh again becomes 9mobile board chairman

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By Adeola Atanda

Telecommunication company, 9mobile, has announced Thomas Etuh as its new board chairman. The appointment is an addition to Etuh’s feathers as he was, only recently, made chairman of Notore Chemical Industries Plc following the resignation of the company’s deputy managing director and seven non-executive directors.

In a statement on Sunday, 9mobile board of directors confirmed that LH Telecommunication Limited had acquired a majority stake in the network provider.

“The investment, which was approved by African Export-Import Bank (AFREXIM), the senior lender to 9Mobile in May 2023 has resulted in a change in control of 9Mobile in favour of the new investor by the issuance of new shares amounting to 95.5% of 9Mobile to the new investor in consideration for the injection of fresh capital into the company,” the board said.

The new management also named Nahim Abe Ibraheem, Femi Edun, Daisy Ehanire Danjuma, a former senator, Michael Ikpoki, Ibrahim Puri, Gloria Danjuma, and Emmanuel Etuh, to be members of the new board.

The new chief executive of the telecom company is now Obafemi Banigb, who is said to be “an accomplished technology executive with proven track record of steering technological innovations and strategic initiatives throughout various pivotal markets across Africa.”

“He has over 24 years in the telecommunications industry and has worked in different capacities within the industry, including as Network Operations director in Airtel Nigeria, Chief Technology Officer in Millicom International Cellular Tanzania, Chief Operating Officer and interim Chief Executive Officer of Millicom Ghana.”

“The reconstitution of the Board of Directors and the Executive leadership of the company has brought the 9mobile transformation programme to a momentous phase in readiness to compete strongly in the market,” the company said. Others so appointed are John Vasikiran, as the company’s chief operating officer, and Abolaji Idowu, its chief financial officer.