Ecobank Transnational Inc. (ETI) Chief Executive Officer Thierry Tanoh may quit next month after reports that senior executives called for him to step down, DaMina Advisors LLP said. Tanoh may resign at an extraordinary shareholder meeting that Ecobank is holding on March 3 to adopt a plan for recommendations on […]
Frauds & Scandals
Alleged missing money and Sanusi’s inconsistencies
By Chijama Ogbu I have a problem in the way Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, is going about his allegations of misappropriation against the Nigeria National Petroleum Corporation (NNPC). Allegations or insinuations of fraud is serious matter and must of necessity be so treated. And […]
Nigeria Banks at Risk From Corporate Governance Issues, S&P Says
Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
