Nedbank Group Ltd. (NED), the South African lender controlled by Old Mutual Plc (OML), said it would consider governance issues before deciding whether to exercise an option to buy a stake in Ecobank Transnational Inc. (ETI) Nedbank has until the end of November to convert the $285 million loan it […]
Tag: Ecobank Transnational Incorporated
Nigeria’s SEC Told Ecobank to Reinstate Finance Director
Nigeria’s Securities and Exchange Commission told Ecobank Transnational Inc. (ETI) last month that it should reinstate Laurence do Rego, the former executive director of risk and finance who alleged senior management fraud. “When the news broke we did write to them,” said Obi Adindu, a spokesman for the SEC, referring […]
Ecobank CEO May Quit After Request From Executives, DaMina Says
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 […]
