Celtel Nigeria announces board changes

The management of Celtel Nigeria has announced the
departure of Messrs Henry Imaseka and Tito Alai from
the Board of the Company.

Their resignation was announced at a meeting of the
Board held in Lagos today (Monday, February 4, 2008).

According to the Chairman of Celtel Nigeria , Mr.
Gamaliel Onosode, “Mr. Imaseka has been very closely
involved at the highest level with the beginnings of
our operations as a Company.

“He not only placed his intellectual capacity and
professional knowledge and material resources at the
disposal of the Company but also worked extremely hard
with his colleagues to get our business to where it is
today”, Onosode stated.

The Chairman expressed the “deepest appreciation” of
the Board and the Company as a whole to Mr. Imaseka
for his contribution, adding that the former Director
would remain a “great supporter” of the Company.

Mr. Tito Alai, who was formerly the Chief Commercial
Officer of Celtel International, joined the Board of
Celtel Nigeria following the acquisition of 65% of Vee
Networks Limited by Celtel International.

Following the acquisition of Celtel International by
the Zain Group (formerly MTC Group), Mr. Alai was
appointed Chief Commercial of the Zain Group, which
has necessitated his relinquishing his membership of
the Nigerian Board.

In a related development, the Management of Celtel
Nigeria has also announced the departure of Mr. Boye
Olusanya from the Company effective 1st February 2008.

According to the CEO of Celtel Nigeria , Mr. Bayo
Ligali, “Mr. Olusanya was a pioneer employee of the
Company and was instrumental to the growth and
progress made since the inception of Econet Wireless
Nigeria Limited, which evolved into the Celtel Nigeria
of today.

During his seven-year stint at the Company, Olusanya,
at different times, served in the capacity of Chief
Customer Care and Billing Operations Officer, Acting
Chief Executive Officer and Deputy Chief Executive
Officer.

Until his exit, he was spearheading the establishment
of the Company’s Data Services business.

Mr. Ligali expressed management’s appreciation to
Olusanya for his contributions to the business adding
that “Boye will remain an integral part of this
Company’s history and will continue to be linked to
the growth of Telecommunications in Nigeria ”.

Olusanya holds a Bachelor of Science degree in Civil
Engineering, with an M. Sc in Environmental Civil
Engineering from Liverpool University and another M.
Sc in Computer Science from Manchester University .

He has over fifteen years work experience and was one
of the pioneer staff of what is today known as Celtel
Nigeria at inception in February 2001.

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