Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, has announced the appointments of Dr George Agyekum Nana Donkor and Mrs Zanele Monnakgotla as its Non-executive Directors.
While Donkor is said to be replacing Mr Bashir Mamman Ifo as the representative ECOWAS Bank for Investment & Development (EBID) on the Board of ETI, Monnakgotla would be representing Dr Daniel Matijila who just left the board as well.
In a statement made available to the investing public, the Chairman of the Board of ETI, Mr Emmanuel Ikazoboh appreciated former members of the Board, Ifo and Matijila as he welcomed Donkor and Monnakgotla on board.
“We must first of all, sincerely express our appreciation to Mr Ifo and Dr Matjila for their contributions on the Board and their tireless dedication to the Ecobank Group.
“We know that they will always remain members of the Ecobank family. As we formally bid them farewell, I do warmly welcome both Dr Donkor and Mrs Monnakgotla and believe that their respective expertise would be most beneficial to the Board,” he said.
About the new directors: Dr Donkor is a Lawyer, Banker and Marketing Consultant with over twenty-five years experience in Senior Management capacities across several fields such as Finance, Strategic Management, Marketing, Legal, Compliance and Administration.
Monnakgotla, who was also appointed as a nominee of the Public Investment Corporation (PIC) of South Africa on the board has over 20 years public and private sector experience in Structured Finance and Strategy. She replaces Dr Daniel Matijila, who resigned from the ETI board when he left his role as Chief Executive Officer of PIC.
About ETI: Ecobank Transnational Incorporated, through its subsidiaries, provides retail, corporate, and investment banking services in Africa and internationally. The company operates through Corporate & Investment Banking, Commercial Banking, and Consumer Banking segments.
ETI serves multinationals, regional companies, Governments, and government agencies, financial institutions and international organisations, local corporates, small and medium corporates (SMEs), schools, churches and local non-governmental organisations, and public sector.
It operates 927 branches and offices, and 2,665 ATMs. Ecobank Transnational Incorporated was founded in 1985 and is headquartered in Lomé, Togo.
Usman Alkali Baba assumes office as new IG of Police
The FG announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.
The Federal Government announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.
The FG disclosed this in a statement on Wednesday evening, citing that he is taking over from IGP Mohammed Abubakar Adamu, NPM, who retired after 35 years of meritorious service to the nation.
What the FG is saying
“The handing/taking over of leadership between the former and new Police Chiefs was held in a brief but colourful ceremony at the Force Headquarters, Abuja. The event was climaxed with the symbolic handover of the Nigeria Police flag.
The new IGP, who is the 21st indigenous Inspector General of Police, Ag. IGP Usman Alkali Baba, NPM, psc (+), fdc, a fellow of the National Defence College, hails from Geidam in Yobe State. He was commissioned into the Nigeria Police Force on 15th March 1988 as a Cadet Assistant Superintendent of Police.
He holds a Masters degree in Public Administration (MPA) and a Bachelor of Arts degree in Political Science.
The FG also disclosed that the new IGP believes in the provision of motivational and credible leadership driven by professionalism and strategic planning, all directed at stabilizing internal security and modernizing police operations within the framework of citizens’ consent, trust, and the rule of law.
In case you missed it
The Federal Government revealed why President Buhari terminated the appointment of the outgoing Inspector General of Police (IGP), Muhammad Adamu, before the expiration of the 3-months extension, saying the ex-IGP’s tenure was terminated following the completion of the selection process for a new Inspector General of Police.
FSDH appoints FCMB Director, Bukola Smith as new Managing Director and CEO
FCMB appoints FCMB Executive Director, as new Managing Director and CEO, to replace Hamda Ambah.
Bukola Smith, the Executive Director, Business Development, in First City Monument Bank Limited has been appointed by FSDH Merchant Bank as the new Managing Director and Chief Executive Officer of the Lagos based financial institution.
This information was revealed in a recent post made by Smith, the new MD/CEO of the bank via her official LinkedIn account.
Her appointment will take full effect in mid-April, 2021, as she moves to take over from Hamda Ambah who will retire from the bank with effect from April 27th, 2021, after 28 years of service to the company, including four years and three months as the Managing Director of the Merchant Bank.
Smith is expected to take on the full responsibility of leading FSDH Merchant Bank to greater heights of global success, building on the impressive work Ambah has done in the last four years and three months as the Managing Director of the Merchant Bank.
What they are saying
Commenting on her appointment, Bukola Smith said:
“Super excited to announce my appointment as the new MD/CEO of FSDH Merchant Bank from mid-April, 2021. Thus, bringing an end to 14 beautiful and impactful years at FCMB.”
Special thanks go to all my friends and colleagues, who made my time at FCMB an amazing experience.
It is a privilege to take over from a Super Mentor, Hamda Ambah who has done a great job in steering the ship over the years.”
Bukola Smith holds a Bachelor’s Degree in Economics from the University of Lagos, and also holds an MBA from Manchester Business School, University of Manchester, United Kingdom.
Smith was appointed Executive Director, Business Development at First City Monument Bank (FCMB) in 2017, and prior to this, she was the Regional Head, Lagos Region of the Bank.
She has occupied several key positions in FCMB as the Group Head Treasury and Financial Institutions; Divisional Head, Investment Banking and Financial Markets; Director Project and Structured Finance; and Divisional Head, Group Internal Audit, since she joined the bank in 2006.
As the Executive Director in charge of Business Development in FCMB, the bank’s Small and Micro business-focused team moved up to the first position in 2019, to emerge as the best SME supporter in the country – according to a KPMG Customer Service Report 2020.
Nairametrics | Company Earnings
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- UACN Property Development Company Plc appoints Ojo Odunayo as new CEO.
- Unilever Nigeria Plc reports a loss of N492 million in Q1 2021.
- Nigerian Breweries publishes names of over 100,000 shareholders who are yet to claim their dividends.
- 2020 FY Results: Sovereign Trust Insurance Plc records a 37% increase in profit after tax.
- CSCS Plc posts profit after tax of N6.93 billion in FY 2020