Ecobank Nigeria announces board changes

ECOBANK Transnational  Incorporated, ETI, has announced changes on its board of directors, Dr. Adesegun Akin-Olugbade and Mr. Ignace Cloegah, have resigned from the board to enable them focus on other personal responsibilities. The board, management and staff of ETI expressed their gratitude to them for their significant contributions to the Ecobank Group and their renewed commitment to continue to assist and support the Group as and when necessary. Meantime, the board has engaged Mr. Monish Dutt, a seasoned investment professional who is a consultant on Emerging Markets. He is a Director of Sagicor Financial Corporation, a pan-Caribbean insurance group with assets of $6 billion. He is also on the Board of Sagicor Life Insurance Corporation, the Group’s operations in the US based in Florida. Mr. Monish Dutt is a nominee of International Finance Corporation and replaces Mr. Kadita Tshibaka who has left the Board having reached the retirement age of seventy.