MTN Nigeria’s Kola-Oyeneyin to Leave the Board

MTN Nigeria Communications Plc has announced that Eyitope Kola-Oyeneyin, an Independent Non-Executive Director, will be leaving its board.

MTN Nigeria shared this news in a statement on the Nigerian Exchange Limited (NGX), signed by Uto Ukpanah, the company's secretary, on Friday.

The company said Mrs Kola-Oyeneyin will officially leave the board on 31 August. MTN did not give any reason for her departure in the regulatory notice.

She joined the board in December 2024.

MTN praised Mrs Kola-Oyeneyin for her work on the board and wished her success in her future plans. "The Board extends its appreciation to Mrs. Kola-Oyeneyin for her invaluable service and wishes her the best in her future endeavours," the company stated.

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

She is the Managing Partner of Augmentum Advisory. There, she advises senior leaders on growth and value creation through digital changes, policy innovation, and large projects.

The outgoing director also has a strong background in digital financial services. She knows a lot about the financial services sector in Sub-Saharan Africa.

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

Before this, Mrs Kola-Oyeneyin was the Head of First Bank’s International Banking business. She also worked as a Partner and co-lead of McKinsey’s Payments and Fintech Practice for Eastern Europe, the Middle East, and Africa.

She has collaborated with various players in Africa’s financial services sector. She led initiatives like Cashless Lagos and the Shared Agent Network Expansion Facilities (SANEF) agent banking programme. These efforts helped to boost financial inclusion in Nigeria.

MTN Nigeria started operations in the country in 2001. It is one of Nigeria’s biggest telecommunications companies, serving over 92 million people and operating in 19 African markets.