Lawson to step down as Chairman of Ecobank Group

Mr Kolapo Lawson will step down as Chairman of the Ecobank Group by December 31, 2013, the bank announced October 29, 2013.

The Bank in the last few months has been hit by allegations of bad corporate governance which has led to investigations by the appropriate authorities.

“I therefore step aside as Chairman of Ecobank Transnational,” Mr Lawson said in a statement issued by the Bank.

According to officials at the Togo-based Pan-African lender, Mr Lawson will handover to Mr André Siaka, the Board’s Vice Chair, to takeover as interim Chairman with immediate effect.

Mr Lawson has been Chairman of Ecobank since 2009.

He was a director of Ecobank Nigeria from 1989 to 1997 and of Ecobank Togo from 1990 to 1993.

By Ekow Quandzie