Counsel to Honeywell Group, Mr Olabode Olanipekun (SAN), today, Monday 14th December 2020, hinted that his client will be seeking the apex court’s intervention and review of the Court of Appeal judgement on its protracted case with Ecobank. The Court of Appeal, in a judgement delivered today had reversed the judgement of the Federal High…
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has formally unveiled its partnership with Terra Kulture following the signing of a Memorandum of Understanding (MoU) at the Terra Kulture Theatre in Lagos. The ceremony also featured the exclusive screening of “Queen Moremi: The Musical” which was supported by Ecobank Nigeria. Speaking on…
Imo State Governor, Rochas Okorocha, has ordered for the arrest of the Branch-Managers of Ecobank and Access Bank over the non-payment of the November salaries of the local government workers in the state. As a result of this act, the Accountant-General of the State, Mrs Stella Udogwu, has been suspended from office by the governor.…
This must be a very difficult time for Ecobank and if the latest lawsuit against it is successful, the company may have to cough out N72 billion from its coffers to settle Honeywell Flour Mills for reputational losses suffered as a result of the asset-freezing ex-parte order by the bank. Honeywell and Ecobank have been…
The Board of Directors of Ecobank Transnational Incorporated (ETI) has announced Patrick Akinwuntan as the Managing Director & Regional Executive-designate of Ecobank Nigeria. However, a statement issued by Ecobank disclosed that the appointment of Akinwuntan was subject to applicable regulatory approvals. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading…
Ecobank Nigeria limited has entered an advanced stage of its digital transformation agenda which is aimed at enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development, the bank will deliver enhanced services leveraging more on its digital channels.…
**Assures Shareholders of Robust Future Earnings Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio and has made a provision of N221.7 billion in its 2016 audited accounts. The impairment charges showed a jump of 110.7 percent compared with N105.2 billion recorded…
South Africa’s Nedbank on Tuesday said Ecobank Transnational Incorporation (ETI) remains vital to its expansion elsewhere on the African continent despite booking a $293 million write-down on the value of its stake in the sub-Saharan lender. Ecobank has operations in nearly 40 countries outside its home market. Nedbank Chief Executive, Mike Brown, told reporters ““It’s…
Ecobank Nigeria has enlisted the services of three fleet management companies to handle its transport services on Pay As You Go basis for its Lagos operations. The partnering companies include Uber, AA Rescue, and Car4U. Under the new arrangement, the Bank has concessioned its pool car services and its erstwhile outsourced drivers numbering about 300…
Ecobank Nigeria has launched ‘Move on Up’, a new fully-integrated consumer advertising campaign. Move on Up is cantered on the bank’s drive to ensure that consumers have world-class accessible and convenient digital banking solutions across the country. Ecobank Nigeria is a subsidiary of Ecobank Transnational Incorporated (ETI), which is currently present in 36 African countries.…