Ecobank Transnational Incorporated (ETI) has today announced a leadership change in its largest subsidiary, Ecobank Nigeria Limited.

By the Bank's internal policy, Mr Jibril Aku, the current Managing Director of the subsidiary, having concluded his five-year tenure as managing director, will step down from his current role at the end of this year, according to a statement made available to CEOAfrica.

The Group's Chief Executive Officer, Mr Ade Ayeyemi said: "Jibril has been instrumental in leading the Ecobank franchise to its position in the Nigeria banking industry today.

"With the Oceanic Bank acquisition, Jibril positioned the bank from number 13 to its current position of number six.

Mr Aku said: "I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank.

"Our Board stood with us, and was steadfast in its support. I must, therefore, extend my sincere appreciation to the board and the team. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that led to the achievements we see today."