Ecobank Transnational Incorporated (ETI) has confirmed that Jibril Aku who is the managing director of its largest subsidiary, Ecobank Nigeria Limited will be stepping down having concluded his five-year tenure as managing director. They said he will take on another senior role in the firm in the first quarter of 2016.
Aku worked with Citibank before joining former Afribank Nigeria Plc as Executive Director, Operations & Technology from 2003 to 2005. He subsequently joined Ecobank Nigeria in 2006 as Executive Director responsible for the Bank’s Treasury & Financial Institutions business, following which he was subsequently appointed Managing Director of Ecobank Nigeria in 2010.
Mr Ade Ayeyemi, group’s chief executive officer, said: “Jibril has been instrumental in leading the Ecobank franchise to its position in the Nigeria banking industry today. With the Oceanic Bank acquisition, Jibril 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.”
The Board is expected to have started the process of selecting a successor and the successful candidate will be announced before the end of December.
