Friday, January 10, 2014

Ecobank Group top official who reported alleged fraud resigns

Ecobank logo

Ecobank Transnational Incorporated (ETI) has announced that its Executive Director for Finance and Risk has left the company.
The pan-African bank in a brief statement January 8, 2013 said Mrs Laurence do Rego is “no longer an employee” of the Togolese-based lender.
Laurence do Rego was suspended last year after reporting alleged fraud by some ETI senior executives to Nigerian regulators. This led to the resignation of Ecobank Board Chairman Kolapo Lawson in October 2013.
Mrs Rego’s allegations included that the CEO Thierry Tanoh had pressured her to misstate the group’s 2012 results. Nigeria’s Securities and Exchange Commission is investigating the matter.
Mrs Rego joined Ecobank in 2002 and was appointed to her position in January 2010 after serving as chief financial officer from 2005 to 2009.
An accountant by training, she also worked for 15 years in Europe.

By GhanaBusinessNews

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