Ecobank Transnational Incorporated announces minor board changes in Ecobank Nigeria

African continental financial bank group,
Ecobank Transnational Incorporated, late
Wednesday, announced minor board changes in
its largest subsidiary, Ecobank Nigeria Limited.
In the changes, Jibril Aku, the current Managing
Director of Ecobank Nigeria, will be stepping
down from the subsidiary by the end of
December 2015, after a five-year tenure.
ETI said in a statement to the Nigerian Stock
Exchange that Mr. Aku would take on another
senior role in the group in the first quarter of
2016.

Mr. Aku 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.
He joined Ecobank Nigeria in 2006 as Executive
Director responsible for the Bank’s Treasury &
Financial Institutions business, before he was
subsequently appointed Managing Director of
Ecobank Nigeria in 2010.
The Group’s Chief Executive Officer, Ade
Ayeyemi, said “Aku has been instrumental in
leading the Ecobank franchise to its position in
the Nigeria banking industry.
“With the Oceanic Bank acquisition, Aku
positioned the bank from number 13 to its
current position of number six .”
Mr. 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, the Chairman of Ecobank Nigeria,
also congratulated Mr. Aku for the good work
achieved, and said he looked forward to the
bank improving on the good work the team
had accomplished.
The board has activated the process of selecting
Mr. Aku’s successor.
The successful candidate, sources say, would be
announced before the end of December 2015.

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