Transcorp: NITEL boss resigns

06.03.2008

CHIEF Executive Officer of NITEL, Malam Ahmed Nahuche, on Wednesday resigned his appointment with Transnational Corporation (Transcorp), citing dwindling fortunes.

“I do not see any end in sight. I am left with no option but to tender my resignation, '' Nahuche wrote in a letter to Transcorp, dated March 5, 2008.

Nahuche is the fourth chief executive to head the company in the last one year following the resignation of Mr Steve Brookman, a British Telecom Consultant and Ms Funke Opeke, a former Chief Technical Officer (CTO) of MTN.

Mr Nicholas Okoye, an Executive Director in Transcorp, held fort briefly before the appointment of Nahuche on June 2, last year.

Brookman quit the position after Transcorp fell out with the British Telecom on partnership agreements, while Opeke, who conducted the due diligence on NITEL, resigned due to poor funding of the company.