MTN Nigeria adds Dikko and Ajogwu to board

LAGOS, Nigeria — MTN Nigeria Communications Plc has appointed five new directors to its board, including Ibrahim Dikko and Professor Fabian Ajogwu. The appointments take effect on December 1, 2026.

The company disclosed the changes in a notification to the Nigerian Exchange Limited and the investing public dated November 3, 2026.

Dikko and Boye Olusanya join as Independent Non-Executive Directors. Ajogwu, Imoni Akpofure and Lwazi Bam will serve as Non-Executive Directors. The company said the new directors are expected to bring their experience and expertise to strengthen board operations and support the company’s growth and future direction.

Ibrahim Dikko brings more than 30 years of experience across banking, telecommunications, information and communications technology, and regulatory advisory. He was Chairman of First Securities Discount House Limited from 2002 to 2012, and Vice President for Regulatory and Corporate Affairs at EMTS Limited, the operator of Etisalat Nigeria, from 2007 to 2017. He holds a Bachelor of Laws degree from the University of Buckingham and a Master of Laws degree from Queen Mary and Westfield College, University of London. He was called to the Nigerian Bar and is a Fellow of the Society of Corporate Governance Nigeria.

Boye Olusanya has more than 25 years of executive leadership experience across consumer goods, agriculture, telecommunications, technology, energy, infrastructure and financial services. He is Group Chief Executive Officer of FMN Holdings Limited, a food and agro-allied business.

Professor Fabian Ajogwu is a Senior Advocate of Nigeria and Professor of Corporate Governance at Lagos Business School. He practised law for 35 years, including 17 years in the Inner Bar, and assisted the Securities and Exchange Commission in drafting Nigeria’s Code of Corporate Governance. He is an Officer of the Order of the Federal Republic, and founded the Society for Corporate Governance Nigeria.

Imoni Akpofure has almost three decades of experience across finance, infrastructure and sustainability, with deep expertise in Sub-Saharan Africa. She has held senior positions at the International Finance Corporation, CDC Group, now British International Investment, and KINA Advisory. She currently serves on the boards of Africa50 and the Development Bank of Nigeria.

Lwazi Bam joined MTN Group on June 1, 2026, as Group Chief Risk Officer. He was Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa from 2012 to 2022, and served as a non-executive director from 2022 to 2026, including on the boards of Standard Bank Group and Valterra Platinum.

The appointments come after MTN Nigeria reported a 59.4% increase in pre-tax profit to ₦1.80 trillion for the nine months to September 30, 2026, from ₦1.13 trillion a year earlier. Revenue rose 23.6% to ₦4.61 trillion, and profit after tax increased 55.3% to ₦1.17 trillion.