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How Ecobank washed its dirty linen in public

July:  Thierry Tanoh is appointed CEO designate of Ecobank Group.
January:  Arnold Ekpe steps down as CEO (for the second time) and Tanoh is appointed substantive Group CEO.
July 2:  Tanoh asks Laurence do Rego, ETI’s executive director of finance and risk, to step down, accusing her of falsifying some of her qualifications.
July 16:  The Financial Times reports that Nigeria’s Central Bank (CBN) told Ecobank in April of then Chairman Kolapo Lawson’s alleged failure to pay N1.4 billion naira ($8.79 million) owed to the Asset Management Corporation of Nigeria (Amcon) and that Tanoh had failed as CEO to inform the board of this.
July 17:  In response, Ecobank states: “The matters concerning Mr Lawson’s dealings with Amcon have been discussed at the Board and, we understand, Mr Lawson has reached an agreement with Amcon on this issue.”


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