MTNN Appoints Modupe Kadiri As ED And CFO


Friday, November 22, 2019 / 11:05 AM / NSE / Header Image Credit: The CFO Magazine

MTN Nigeria is pleased to announce the appointment of Modupe Kadri as Executive Director (ED) and Chief Financial Officer (CFO). He replaces Adekunle Awobodu as CFO; whose intended departure was announced in July 2019. MTN Nigeria expresses its appreciation to Adekunle Awobodu for his commitment and valued service to the Company. His dedication, extensive knowledge, financial expertise and experience across MTN Group earned him great respect.

Modupe Kadri is an alumnus of the University of Lagos with both Master's and Bachelor's degrees in Management and Economics respectively. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA).

A seasoned executive, he re-joins MTN Nigeria From MTN Ghana where he served as CFO for Five years. He has a track record of Financial expertise and operational leadership and brings extensive experience for the role, having worked in the Financial Services and Telecommunications industry for three decades.

Modupe's appointment Further demonstrates our commitment to building local talent and underscores the strength of our leadership development strategy.

He began his professional career with PricewaterhouseCoopers, where he worked for 10 years. In 2002, he joined Allied Pickfords in London as the Group Reporting Manager following which he moved to Lafarge Nigeria where he took up the role of Internal Audit Manager in 2003, In 2005, he was appointed Finance Controller.

Modupe joined MTN Nigeria in 2007, as the General Manager, Finance Operations. In 2013, he was appointed the General Manager, Financial Planning. He went on to serve as acting CFO of MTN Nigeria for 3 months in 2014, after which he assumed the role of CFO, MTN Ghana.

Modupe is accustomed to translating business objectives into powerful results, and led several business-critical projects as CFO in Ghana. Recognised for his exceptional leadership, Modupe has received the Ghana Telecoms CFO of the Year Award Four times - in 2015, 2016, 2018 and 2019.

His appointment as Executive Director and CFO, MTN Nigeria Communications PLC is effective March 1, 2020.

In the interim Omolara Michael-Nwadu will serve as acting CFO. With over 19 years' work experience in banking and telecoms, Omolara who is currently the General Manager, Financial Planning joined MTN Nigeria in 2002 as a Management Accountant in the Finance Division. She holds a Bachelor's degree in Accounting from the University of Lagos and is a Chartered Global Management Accountant (CGMA) of the Association of International Chartered Professional Accountants (AICPA). Omolara is also an Associate of the Institute of Chartered Accountants of Nigeria (ICAN).


Visit MTN Nigeria IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

 Proshare Nigeria Pvt. Ltd.


Table: Unaudited Q3 2019 Results

Proshare Nigeria Pvt. Ltd.


Related News

1.   MTNN Declares N148.32bn PAT in Q3 2019 Results;(SP:N127.00k)

2.  MTNN Clarifies Media Reports Regarding Implementation Of USSD End User Billing Model

3.  Minister of Communications Directs NCC to Suspend Implementation of USSD Service Charges by MTN

4.  MTNN Clarifies Media Report On Plans To Raise Funds Via Commercial Papers

5.  MTNN Grows Market CAP By N753bn Since Listing; DANGCEM Still The Most Capitalized Stock

6.    MTNN Clarifies Media Reports On Status Of Taxes Relating To The 2015 Fine

7.    MTNN Declares N98.93bn PAT in Q2 2019 Results; Declares N2.95 Interim Dividend Per Share

8.    MTNN Notifies of the Company's Board Meeting and Closed Period

9.    MTNN Makes Final Payment of N55b to NCC in Relation to 2015 SIM Registration Fine

10.  MTNN Declares N145.68bln PAT in 2018 Audited Results,(SP:N136.00k)

11.   Bullish Post Listing Market Reaction on MTNN Stock

12.  MTN Nigeria - Banking on High Speed Mobile Growth

13.  MTN Listing: Price Momentum Breaks on Rise In Traded Stocks; Proshare Writes Memo to Market

14.  Beyond The Noise: MTN's Post Listing Reactions, Gaps in Rules and Lessons Learnt

15.  EFCC Requests for Information and Documentation Related To MTN Listing On NSE

Related News