Ecobank appoints Jubril Lawal new Nigeria MD

The appointment is subject to the approval of the Central Bank of Nigeria, it said in a statement Monday.

The bank said Mr Mobolaji was selected and appointed as managing director designate following a keenly contested selection process, which included both internal and external candidates. He holds a Bachelor of Law degree from the Obafemi Awolowo University, Nigeria; B.L. from the Nigerian Law School and a Master of Business Administration from Oxford University, United Kingdom.

Commenting on the appointment, Ade Ayeyemi, CEO, Ecobank Group said: “We welcome Mobolaji Lawal to the Ecobank Group and we stand to benefit from the extensive experience that he has acquired in various fields across banking, which will play a major role in continuing to rebuild our franchise in Nigeria.

Mr Lawal will assume the position of Managing Director, Ecobank Nigeria, upon receiving the approval of the Central Bank of Nigeria and after Patrick Akinwuntan retires.The current MD, Mr Akinwuntan, will retire in January 2022, upon reaching the retirement age. He started his career with Ecobank in 1996.

“Akinwuntan is a seasoned banker who also previously was on the Board of ETI as a Group Executive Director and held the positions of Group Chief Finance Officer of ETI, Group Executive Director Domestic Bank, Operations, Technology, Transaction and Retail Bank, including Executive Director, Retail Bank at Ecobank Nigeria among others.

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