Business, Nigeria, Top News

Ecobank: Emmanuel Ikazoboh appointed chairman

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That’s it! Emmanuel Ikazoboh was just appointed Chairman of the Board of the Ecobank group. It was at the end of the general assembly of the Pan-African group held on 30th June in Lomé.

Of Nigerian origin, Emmanuel Ikazoboh is a Nigerian chartered accountant of the Deloitte cabinet, who worked in Cameroon and in Ivory Coast.

Expressing himself on the unprecedented crisis that lately shook the bank, the new chairman of the Ecobank group said in effect: “These painful moments are now behind us. The board meeting is united to raise the bank to a higher level. We are determined and attached to the fact that the bank must be governed by international standards of responsibility and governance”.

The latter is moreover committed “to work so that the higher standards of good governance should be observed” by Ecobank.

Ikazoboh is hopeful for a quick return for the bank to “a situation of share dividends so that we can move forward”.

Indeed, according to the explanations of André Siaka who has assured the interim for the chair of the board meeting since the departure of Kolapo Lawson in October 2013, the banking group decided not to share dividends for the year 2013.

The parent company having generated no profit to be shared, we are not capable of proposing the payment of a dividend for this exercise“, he supported.

Concerning the important bad debts of the bank in Nigeria, the new Chairman of the Board, Emmanuel Ikazoboh, made a commitment to work so that “it no more happens“.

Holder of an MBA in financial and marketing management of Manchester University Business School, Emmanuel Ikazoboh has to his credit more than 25 years of experience in managing posts of high-level company in Nigeria, Ivory Coast, Cameroon and South Africa. He was a CEO of Deloitte for the west and central Africa from 2007 to 2009 and director of the board meeting of Deloitte & Touch from 2001 to 2009. At present chairman of Hedonmark management services limited, a Nigerian mobile platform of payment, he was temporary manager of the stock exchange of Nigeria and is director of numerous companies.

 

Original text by: Blaise AKAME

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