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Ecobank Customers In Mass Withdrawal Over Lingering Board Crisis, New MD Panic

albert essien ecobank

There are indications that Ecobank Nigeria is witnessing low patronage, and some are withdrawing in panic, as the leadership crisis within go on unabated.

 A Customer who recently closed his account with the Bank in Port-Harcourt told younews “I’m afraid, the board is not getting things right, I can’t risk my hard -earned-money”.
Since Laurence do Rego of Risk & Finance department in Ecobank exposed the monumental fraud in the bank, things have not remain the same.
Eventual exit of Thierry Tanoh, Kolapo Lawson, Isyaku Umar and Babatunde Ajibade hasn’t solved the problem. Younews learnt that Chief Phillip Asiodu complained bitterly to an insider of brickwalls their Search Committee have been encountering myriads of problem is preventing notable people from coming on board. We were told that the Shareholders are also kicking.
A representative of shareholders who is saddened by the corporate governance issue and it attendant multiplier effect disclosed the problems as inability to manage it own activities, monitor management, evaluate performance, and oversee ethical behavior.
Conflict of interest and inadequate transparency in recruitment procedures were also listed.
Younews has also gathered that the crisis is so damaging to staff morale to the extent of many intending to move to other banks.
The new Chief Executive Albert Essien is said to be running from pillar to post and has even complain bitterly of how retail business of Ecobank has been badly affected.
In frantic attempt to balance the story, mails sent to: oomankhanlen@ecobank, and, as well as sms to Corporate Affairs Personnel were shunned.

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