Ecobank Transnational Incorporated, parent company of the Ecobank Group, its Ivorian subsidiary Ecobank Côte d’Ivoire, Public Investment Corporation (PIC), Dr Dan Matjila and Mr Thierry Tanoh have signed on the 18th of February, 2016, an agreement for the settlement of the disputes that have existed since 2013, some of which are still pending before national jurisdiction in Togo and Côte d’Ivoire and/or are still under arbitration in England.
This agreement brings to an end all proceedings that have arisen between Mr Tanoh and the other parties. Ecobank Transnational Incorporated and Ecobank Côte d’Ivoire are delighted that all of the issues which have unfortunately arisen over the past few years with Mr Tanoh have now been resolved and that the parties have found a solution that is in the interest of all.
Ecobank Transnational Incorporated and Ecobank Côte d’Ivoire thank Mr Tanoh for his constructive and conciliatory approach taken in the interest of the pan-African group during the recent discussions. Mr Tanoh is also very pleased that an agreement has been reached, and that all misunderstandings between him and the Ecobank Group have been resolved. Each party wishes the very best to the other.
Richard Uku
Group Head, Corporate Communications
Ecobank Transnational Incorporated
Tel. +228 22 21 03 03
Mobile: +228 93264716
Email: ruku@ecobank.com
About Ecobank:
Incorporated in Lomé, Togo, Ecobank Transnational Incorporated (ETI) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 35 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, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group is also represented in France through its affiliate EBI SA in Paris. ETI also has representative offices in Dubai, United Arab Emirates, London, UK and Beijing, China.
ETI is listed on the stock exchanges in Lagos, Accra, and the West African Economic and Monetary Union (UEMOA) – the BRVM. The Group has more than 600,000 local and international institutional and individual shareholders. The Group employs 19,200 people from 40 different countries in 1,250 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 may be found at: www.ecobank.com.
