Ecobank Transnational Incorporated Announces Leadership Change in Largest Subsidiary

Mr. Jibril Aku
19 November 2015
Content from a Premium Partner
Ecobank (Lome)
press release

Ecobank Transnational Incorporated (ETI) today announced a leadership change in its largest subsidiary, Ecobank Nigeria Limited.

By the Bank’s internal policy, Mr. Jibril Aku, the current Managing Director of the subsidiary, having concluded his five-year tenure as managing director, will step down from his current role at the end of this year. Mr Aku will take on another senior role in the firm in the first quarter of 2016.

Mr 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 subsequently appointed Managing Director of Ecobank Nigeria in 2010.

The Group’s Chief Executive Officer, Mr Ade Ayeyemi, 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.”

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.”

The Chairman of the Ecobank Nigeria Board, Mr John Aboh, also congratulated Mr Aku for the good work he and his team had achieved, and said he looked forward to the Bank improving on this.

The Board will immediately activate the process of selecting a successor. The successful candidate will be announced before the end of next month.

About Ecobank

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. The Group employs over 20,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Additional information on Ecobank can be found at ecobank.com.

Media Contact

Richard Uku
Group Head, Corporate Communications
Ecobank Transnational Incorporated
Tel: +228 22 21 0303Tel: +228 93264716 (mobile)
Email: ruku@ecobank.com
Twitter: @richard_uku
Website: Ecobank.com

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.