Nigeria: Ecobank Chairman, Lawson Cleared By AMCON, CBN

18 September 2013

Lagos — Chairman of Ecobank Transnational Incorporated, Mr. Kolapo Lawson, has debunked allegations of wrong doings concerning alleged insider loan facilities obtained by Agbara Estates, a family-owned firm, which he chairs, saying that the N1.3 billion loan had been repaid since July 26, days before it was due.

He also disclosed that the regulatory authority, CBN and Asset Management Company had cleared him of all liabilities concerning debts owed the defunct Intercontinental Bank.

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