• Ecobank asks CJ to re-assign Honeywell’s suit to new judge

    Ecobank asks CJ to re-assign Honeywell’s suit to new judge

    Ecobank Nigeria Limited has asked the Chief Judge of the Federal High Court, Justice Ibrahim Auta, to re-assign a suit filed against it by Honeywell Flour Mills Plc and its sister companies – Anchorage Leisures Limited and Silaom Global Services Limited – to another judge.

    The bank said it no longer had confidence that it would receive a fair justice from Justice Muhammed Idris who is currently handling the case.

    In a letter to the CJ by the bank’s Company Secretary/Chief Legal […]

  • Ecobank seeks to restrain Honeywell’s access to funds

    Ecobank seeks to restrain Honeywell’s access to funds

    Ecobank Nigeria Limited has appealed a ruling by Justice Jude Dagat of the Federal High Court in Lagos, striking out its winding-up petition against Honeywell Group Limited and its sister company Anchorage Leisures Limited.

    Justice Dagat delivered the ruling on Monday on the basis that Ecobank’s suit was an abuse of court process.

    But, Ecobank, through its lawyer, Kunle Ogunba (SAN), lodged two appeals at the Court of Appeal in Lagos against the companies on seven grounds each.

    The bank is praying the […]

  • Ecobank Fires 1,000 Staff Weeks After Sack Of 50 Senior Managers

    Ecobank Fires 1,000 Staff Weeks After Sack Of 50 Senior Managers

    Ecobank Nigeria Limited on Wednesday sacked some of its staff just as the it announced the conversion of over 200 outsourced personnel to permanent employees.

    The bank in a statement issued and obtained by the News Agency of Nigeria (NAN) in Lagos said it was part of “its renewed drive for optimal performance”.

    Mr Charles Kie, the bank’s Managing Director, was quoted by the statement as saying that the bank realigned certain roles to ensure improved efficiency.

    This he said necessitated the exit […]

  • Ecobank MD, Jibril Aku steps down come December 2015

    Ecobank MD, Jibril Aku steps down come December 2015

    It has been officially announced by the Board of Ecobank Nigeria Limited that the Managing Director of the bank, Mr. Jibril Aku, will step down on December 31, 2015.

    According to a statement from the bank said by the bank’s internal policy, Mr. Jibril Aku, the current Managing Director, having concluded his five-year tenure as managing director, will step down from his current role.

    The statement further said that Mr Aku will take on another senior role in the parent company of […]