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Eco Bank’s GM Resigns

Ecobank Transnational Incorporated, ETI, the parent company of the Ecobank Group, has announced the resignation of Mr Charles Kie as the managing director of Ecobank Nigeria Limited.

The ETI, in a statement on Monday to the Nigerian Stock Exchange, said prior to his current role at Ecobank Nigeria, Kie was the group executive, corporate and investment bank for ETI.

Kie joined Ecobank in October 2011 as chief operating officer of the then Ecobank Capital, and was subsequently appointed the head of the group’s corporate banking business.

According to the statement, the board will immediately activate the process of selecting a successor.

“The successful candidate will be announced before the end of August. Mr Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover to his successor,” it said.

The Ecobank Group Chief Executive Officer, Mr Ade Ayeyemi, said, “As Charles prepares to leave the Ecobank Group, I would like to thank him for his immense contributions to the group. He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours.”

Kie was quoted as saying, “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.

“I also extend my sincere appreciation to the board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

The Board Chairman, Ecobank Nigeria, Mr John Aboh, also congratulated Kie for the good work he and his team had done, and said he looked forward to the bank sustaining and improving on this.

In 2017, Mr. Charles Kie, filed a fundamental rights enforcement suit before the Federal High Court in Lagos, seeking protection from police harassment.

In the suit through his lawyer, Chief Anthony Idigbe (SAN), Kie claimed that the police had been stalking him, with the aim of forcing Ecobank to “illegally” transfer $10.5m from the account of one of its customers to a third party.

The MD recalled that policemen on September 28 2017 besieged the Corporate Headquarters of Ecobank on Ahmadu Bello Way, Victoria Island, Lagos, seeking to arrest him “on the grounds that he refused to comply with their instruction to illegally transfer the sum of $10,500,000 from a customer’s account to a third party account.”

He said the policemen went as far as bribing some security personnel stationed at the entrance of his office, asking them to disclose the MD’s movement and his residential address to them.

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