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.