Kamar Abass, pioneer managing director/chief executive officer of NATCOM trading as ntel, may have resigned from the post, Nigeria CommunicationsWeek can report.
The network has appointed Abhulime Ehiagwina, the chief finance officer, as the acting CEO, pending when a substantive CEO is found.
Though, Mr. Toni Kan, deputy director and head of Communications could neither pick up, return calls nor respond to text messages sent by our Correspondent, as at the time of filling this report, however, Nigeria CommunicationsWeek gathered from an impeccable insider source that Mr. Abass resigned on personal and health grounds.
According to the source, “Mr. Abass has stepped down from his role as CEO due to urgent personal and medical considerations….”
No clarification was provided on what personal and health conditions for Abass represented and whether these were enough reasons to warrant his resignation.
Kamar Abass joined the Board of Directors of NatCom in 2015 as the CEO of ntel and led the company through launch on April 8, 2016 with operations in Lagos and Abuja and then subsequently in Port Harcourt by December 2016.
Abhulime Ehiagwina, has a BSc Accounting degree from the Obafemi Awolowo University, an MBA from the University of Lagos and an Advanced Management & Leadership Programme (AMP) certificate from the Said Business School, Oxford University, UK.
Before joining ntel as CFO, Abhulime was CFO & Board member of Helios Towers Nigeria where he oversaw the Finance and IT functions.
He helped grow the Company EBITDA by over 300 per cent in 3 years and raised a $250m Eurobond, first non-bank or Oil/Gas Company out of Nigeria.
The Acting CEO also sat on the board of Interswitch as a non-Executive Director during this period.
He has over 25 years financial management experience.
"But, there is no cause for alarm, as the company remains committed to existing obligations and will honour same," the source said, adding that the leadership transition will be smooth and orderly with no impact on its operations.