NatCom Development Investment Limited, operators of Ntel 4G/VoLTE Network has appointed Babatunde Omotoba as its Managing Director/Chief Executive Officer.
A statement issued on Monday by Ntel Acting General Manager, Corporate Affairs, Damian Udeh explained that the appointment takes effect from May 7, 2019.
Udeh explained that until the appointment as the CEO, Mr Omotoba had served for three years as a high performing non-Executive Director at ntel, on various committees of the board.
He said Mr Omotoba would take over from Ernest Akinlola who recently resigned as the Managing Director/CEO.
According to him, Mr 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.
He said: “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 $1 billion Nigerian Government Petroleum Trust Fund (PTF) consulting contracts.”
