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Ecobank Group: Jeremy Awori to Succeed Ade Ayeyemi as Group CEO

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Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has  announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy.

The Board of Directors selected Jeremy Awori to succeed Ayeyemi as Group Chief Executive Officer of ETI.

The relevant effective dates will be communicated in due course, a statement on Tuesday says.

 

The announcement was made on Monday, Sept. 12, 2022.

 Alain Nkontchou, Ecobank Group Chairman, thanked Ayeyemi for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO.

“Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth.

“Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference. It has been a real pleasure working with him.

“I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO.

“Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities.

“The Board of Directors strongly believes that his drive and strong focus on results will be vital in steering the Group in its next phase” Nkontchou stated.

On his part, Ayeyemi expressed deep gratitude for the opportunity to lead the Ecobank Group.

“It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continuing to realise our commendable pan-African mandate.

He also expressed his commitment to a smooth transition and onboarding of his successor. 

The incoming Group CEO,  Awori, responding to the announcement of his appointment said: “It is a great honour to be appointed Ecobank Group’s Chief Executive Officer.

“I look forward to consolidating the transformation of Ecobank, a truly pan-African institution full of talented people, while innovating to create value for all Ecobank’s stakeholders.

“I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group” 

 Newsmen report that Awori is joining Ecobank Group following a 25-year long career in the banking industry, with almost a decade leading Absa Bank Kenya Plc as the CEO & Managing Director.  

 Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle-East and Africa. He brings a wealth of experience, skills, and industry know-how to the Ecobank Group. (NAN)

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Media, Important Ally in Anti-corruption Fight -EFCC Boss

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has stressed the need to collaborate with the Media and Civil society in the Fight against Corruption.

Okukoyede said this when the Managing Director of the News Agency of Nigeria (NAN), Ali Muhammed Ali, paid him a courtesy visit at the commissions, Headquarters in Abuja.

He described the media as an important ally in fighting and defeating the monster of corruption in the country.

He said that public enlightenment was one of the tools deployed in the fight against corruption, which he said could only be achieved using the media.

“We believe that concerning our mandate, we must have strong synergy with the media; the News Agency of Nigeria.

”It is extremely important because part of the factors we can deploy to really fight this war against corruption is public enlightenment, and the major stakeholders are the media people.

“Without you it will be extremely difficult to reach the grassroots and let the people know how endemic this problem is, and the need for us to all come together to collaborate.

”The job is not only for the law enforcement agency, it is for everybody,” he said.

According to him, there is nowhere in the world that anti-corruption agencies win the war against corruption without collaboration with the civil society and the media

”Because these are the people that will drum up from whatever you are doing and where there is sentiments, they are the people that will be able to balance things up,” he said.

Speaking on the effect of corruption in Nigeria and Africa in general, the EFCC boss said that corruption had a strong relationship with insecurity.

He said that security could only be achieved when the fight against corruption is won.

”As a matter of fact, if you can deal with the issue of corruption, the issue of insecurity will become an issue of the past. So we are going to collaborate with you,” he said.

Responding, the Managing Director of NAN stated that the visit to the EFCC was to intimate the Chairman on the agency’s plan to organize an international lecture on insecurity and the fight against corruption.

“We are coming to first intimate you on our plan to have the first international lecture organised by the agency.

”The agency, as part of its efforts to also contribute to the body of knowledge, has to go about having a resolution to this lingering crisis of insecurity in the country and beyond.

”We took it on a bigger scale. We are looking at insecurity in the Sahel, how it has affected Nigeria.

‘:We are dissecting the origin, the genesis, the impact and the options available to the country,” he said.

Speaking on insecurity and corruption, Ali identified a strong relationship between the two menace bedeviling the African region

He said that the EFCC, under the leadership of Olukoyede, had made significant strides in the anti-corruption fight over the years.

“We have seen the commendable job you’ve been doing in the last couple of months.

“We said let us go to the EFCC and intimate them and this is what is happening.

“We don not want to just have the Chairman as a mere invitee. The whole management came to intimate you about our plans,” the NAN MD said.(NAN)

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CBN Denies Re-Introducing Cyber Security Levy

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By Tony Obiechina, Abuja

The Central Bank of Nigeria has denied the re-introduction of the controversial cyber security level it abandoned in May after public outcry.The apex bank clarified this in a circular on Friday, made available on Friday. The apex bank said the clarification was necessary due to certain instances of misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024.

On May 6, 2024, the apex bank directed banks and other financial institutions to start deducting a cybersecurity levy.The levy was set at 0.5 per cent of all electronic transactions introduced under the newly enacted 2024 Cybercrime (Prohibition, Prevention, etc.
) Amendment Act.In the Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines, the bank highlighted the levy which was widely reported.CBN said, “Some recent media publications referencing aspects of the Guidelines refer to policy positions of the Bank issued prior to 31st December 2023, which have changed in the light of revisions and updates in 2024.“One example is the Cyber Security Levy, which was suspended in May 2024, superseding the circular reported in the Guidelines.“Certain technical aspects of the Guidelines have been widely misreported and misrepresented. For example, reports have mistakenly sought to link the fuel subsidy removal to external reserves.”

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Borno: Why I Focus on Feeding 10,000 Flood Victims Daily – Imam

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The Mutawalle of Borno, Alhaji Kashim Imam, says he engages in feeding 10,000 victims of Maiduguri flood disaster daily based on the victims’ critical requirement for now.Imam in an interview while monitoring the feeding programme, said, he would sustain the feeding, which he scaled it up from 6,000 to 10,000 for the victims in camps to complement government’s efforts.

According to Imam, as the victims gradually move out of camps in few weeks, they will be supported with rice to start cooking for themselves as against the current practice of cooked food distribution.
He commended his family members and volunteers for the daily cooking and distributing food to flood victims in various camps.
“I want to particularly commend the military, who are not only actively engaged in search and rescue operations but also assist me in sharing the food to victims as well as ensuring orderliness and decorum during the exercise,” Imam said.The former Board Chairman of Tertiary Education Trust Fund (TETFund), also lauded the concern and response from government, organisations, philanthropists, and all other individuals to the people of Borno over the sudden incident that took people unaware.“Nobody was prepared for this, people were caught unaware in the middle of the night.“Many escaped with the only clothes they were wearing, with some trapped for more than a week.“As the flood recedes, many cannot even go back to their homes because there’s no home to go back to,” Imam lamented.A cross section of the victims benefitting from Imam’s gesture, expressed gratitude for the support and urged other leaders and well meaning Nigerians to emulate the good gesture in complementing government efforts at all levels.“The most pressing issue now is saving lives and stabilising the survivors through feeding and shelter.“We want to sincerely thank the Mutawalle of Borno, other philanthropists and organisations doing similar exercise in various camps.“May God Almighty bless them and continue to touch their lives with joy and happiness as they touched our lives at this moment of need,” Habiba Idris, a displaced woman with two children prayed. (NAN)

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