Jump to navigation

Vol 54 No 19

Published 20th September 2013


Nigeria

Boardroom battles hit Ecobank

Tough decisions face one of Africa’s most respected banks: its Chairman and Chief Executive are under scrutiny for claimed malpractice

Directors of Ecobank Transnational Incorporated (ETI), Africa’s biggest cross-border lender, are due to hold another emergency meeting on 20 September to resolve the crisis over claims that its Chairman and Chief Executive have chronically mismanaged the bank. Opinion on the board seems evenly divided although Ecobank’s founder, Gervais Koffi Djondo, and at least three of the bank’s institutional shareholders are understood to favour the early exit of the pair to resolve the crisis.

End of preview - This article contains approximately 1217 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.