Ecobank Transnational Incorporated (ETI) yesterday notified the Nigerian Stock Exchange (NSE) of a leadership change in its largest subsidiary, Ecobank Nigeria Limited.
By the bank’s internal policy, Jibril Aku, the current Managing Director of Ecobank Nigeria Limited, having concluded his five-year tenure as managing director, will step down from his current role at the end of this year. “Aku will take on another senior role in the firm in the first quarter of 2016”, ETI said yesterday in a statement at the Nigerian Stock Exchange.
Ade Ayeyemi, the Group’s Chief Executive Officer, said: “Jibril has been instrumental in leading the Ecobank franchise to its position in the Nigeria banking industry today. With the Oceanic Bank acquisition, Jibril positioned the bank from number 13 to its current position of number six.”
Aku said: “I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank. Our board stood with us and was steadfast in its support. I must, therefore, extend my sincere appreciation to the board and the team.
Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that led to the achievements we see today”.
John Aboh, chairman of the Ecobank Nigeria Board , also congratulated Aku for the good work achieved, and said he looked forward to the bank improving on the good work that the team had accomplished. The board will immediately activate the process of selecting a successor.
The successful candidate will be announced before the end of next month.
Aku, a distinguished banker, spent the most part of his banking career with Citibank (Nigeria International Bank), before joining former Afribank Nigeria Plc as Executive Director, Operations & Technology from 2003 to 2005. Thereafter, he joined Ecobank Nigeria in 2006 as Executive Director responsible for the bank’s Treasury & Financial Institutions business, following which he was appointed Managing Director of Ecobank Nigeria in 2010.
Incorporated in Lome, Togo, Ecobank Transnational Incorporated (‘ETI’) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.
Iheanyi Nwachukwu
