MTN Nigeria’s independent director, Kola-Oyeneyin, to exit board

MTN Nigeria Communications Plc has announced the exit of Eyitope Kola-Oyeneyin, an Independent Non-Executive Director on its board.

MTN Nigeria disclosed this in a statement released on the Nigerian Exchange Limited (NGX) and signed by Uto Ukpanah, the company’s secretary, on Friday.

The telecommunications giant noted that Mrs Kola-Oyeneyin’s exit will take effect from 31 August, although MTN did not state the reason for her exit in the regulatory filing.

She joined the company’s board in December 2024.

The company extolled Mrs Kola-Oyeneyin’s contributions to the board and wished her success in her future endeavours.

“The Board extends its appreciation to Mrs. Kola-Oyeneyin for her invaluable service and wishes her the best in her future endeavours,” the company said.

Profile

Mrs Kola-Oyeneyin is a systems change leader and transformation expert with over 20 years of global experience as a senior adviser, operating executive, and policymaker across multiple African countries.

She is the Managing Partner of Augmentum Advisory, where she advises senior leaders on growth and value creation through digital transformation, policy innovation, and large-scale programme execution.

The outgoing independent director is also experienced in digital financial services and has extensive knowledge of the financial services landscape in Sub-Saharan Africa.

In July, the federal government approved her appointment as Chairperson of the Nigerian Investment Promotion Commission (NIPC).

Mrs Kola-Oyeneyin previously served as Head of First Bank’s International Banking business and as a Partner and inaugural co-lead of McKinsey’s Payments and Fintech Practice for Eastern Europe, the Middle East and Africa.

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She has worked with players across Africa’s financial services value chain and led the development of initiatives including Cashless Lagos and the Shared Agent Network Expansion Facilities (SANEF) agent banking programme, which contributed to efforts to expand financial inclusion in Nigeria.

MTN Nigeria, which began operations in the country in 2001, is one of Nigeria’s largest telecommunications providers, serving more than 92 million people across the country and operating in 19 markets in Africa.