Ecobank Board Passes Vote of Confidence on Chairman, Lawson

Board of directors of Ecobank Transnational Incorporated (ETI) has reviewed issues relating to two financial transactions involving Mr. Kolapo Lawson, ETI chairman.

These comprise a personal agreement between him and AMCON and an agreement with Ecobank Nigeria on the part of a company of which he is chairman.

The Board concluded that there had been no financial impropriety and that Mr Lawson had acted in good faith throughout. As a result, the Board unanimously reaffirmed its confidence in Mr Lawson.

Speaking on behalf of the Board, Mr. André Siaka, vice-chairman, said: “Kolapo Lawson has been a loyal servant of Ecobank for many years and has been a major contributor to its on-going success.  We are happy unanimously to reiterate our full support for Mr. Lawson and his leadership and look forward to renewing our focus on continuing the remarkable success of Ecobank.”

Mr. Lawson added: “I am pleased that we have been able to draw a line under this matter.  The Board has made clear that it has no outstanding concerns and I now wish to concentrate once again on leading Ecobank to further success.”