Two Ecobank Directors Resign

Two non-executive Directors of the Board of Ecobank Transnational Incorporated (ETI), Dr. Babatunde Ajibade and Mr. Isyaku Umar were on Wednesday announced to have resigned with effect from 8 February 2014.

The Interim Chairman of the Board of Directors of ETI, Mr André Siaka, in a statement on the bank’s website, said: “I sincerely regret the resignations of Mr. Isyaku Umar and Dr Babatunde Ajibade. On behalf of the Board I would like to thank them for their valued contributions over the years.

“Their skills and experience have made a great difference to Ecobank and we wish them well in their future endeavours.”

Dr. Ajibade joined the Board of ETI in 2010 as a non-executive director. He is a legal practitioner engaged in private commercial legal practice and is a Senior Advocate of Nigeria.

Also, Mr. Umar became a non-executive Director of ETI in 2006. He started his career with UAC of Nigeria and later worked with the federal government of Nigeria in various capacities before rejoining the private sector.