Ecobank Nigeria’s MD, Aku, steps down in December

LAGOS — The Board of Ecobank Nigeria Limited said, yesterday, that the Managing Director of the bank, Mr. Jibril Aku, will step down on December 31, 2015.
A statement from the bank said by the bank’s internal policy, Mr. Jibril Aku, the current Managing Director, having concluded his five-year tenure as managing director, will step down from his current role.
The statement further said that Mr Aku will take on another senior role in the parent company of the bank, Ecobank Transnational Incorporated (ETI) in the first quarter of 2016.

According to Ecobank board, Mr Aku, a distinguished banker, started 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 elevated to the position of Managing Director of Ecobank Nigeria in 2010.
The chairman of the Ecobank Nigeria Board, Mr John Aboh, congratulated Mr Aku for a job well done and said he looked forward to the bank improving on the good work that the team had accomplished.
He said the board will immediately activate the process of selecting a successor. The successful candidate will be announced before the end of December 2015.
In his reaction, the Group’s Chief Executive Officer, Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Nigeria Limited, Mr Ade Ayeyemi, said: “Jibril has been instrumental in leading the Ecobank franchise to its position in the Nigeria banking industry. With the Oceanic Bank acquisition, Jibril positioned the bank from number 13 to its current position of number six in the industry.”
In his comment, Mr Aku said: “I am proud of what the Ecobank Nigeria 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 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.