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Igbo banker dies after sex orgy

A top staff of Ecobank in Abakaliki ,Ebonyi State has died after a rumpus sex orgy with a 21 years old lady. According to Telegraphng, Ebonyi State Police Public Relations Officer (PPRO) DSP Sylvester Igbo, confirmed that the deceased was in the hotel for an extra-marital affair, and that his 21-year-old escort is now in police custody helping them in the investigation of the matter. Mr. Ndukaku (45), a family man, was a resident of the Army Cantonment in Abakaliki and had taken a 21-year old lady from Mgbowo in Agwu Local government area of Enugu State to a hotel. The young lady was identified as a 200 level student of Microbiology at the Godfrey Okoye University, Enugu. ‘The girl came out to inform the management of the hotel that the man that entered the room with her is behaving in a way that is so strange that they should come and assist her to know what to do. “The hotel worker saw the man in a situation that was so strange for them to describe, they decided to call the man’s wife through the contact they saw in the man’s phone for her to come and know what she can do in order to revive the husband,” Igbo said. “Before the woman could come with the man’s relations, the man had become motionless and was rushed to hospital. It was at the Federal Teaching hospital that the man was declared dead.” Nigerian Telegraph gathered that the wife was not shocked when she saw the condition of her husband, whom she has been suspecting of extra marital activities for long.

SEC Steps in, Probes Ecobank’s 2012 Result

31 Aug 2013

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Ecobank office

The Securities and Exchange Commission, SEC, is investigating pan-African lender, Ecobank Transnational Incorporated over an alleged misstatement of its 2012 performance, a source at the Securities and Exchange Commission in Abuja said friday.

Inside source told Reuters that SEC held meetings with Ecobank’s board of directors on Aug. 6 to discuss the issue, which was raised by a suspended former head of finance, Laurence do Rego.

Rego, ETI’s suspended Executive Director in Charge of Risk and Finance had in a letter to SEC copied to its directors, warned that the bank’s board “is not operating in the interests of shareholders.”

Rego accused the Chairman of ETI, Mr. Kolapo Lawson and the chief executive, Thierry Tanoh of attempting to sell off non-core assets at “well below the market value”.

She also alleged that she was asked to write off debts owed by a real estate company Lawson chairs and to manipulate the bank’s 2012 results to improve those of 2013 when Tanoh was confirmed as the chief executive officer.

Ecobank has acknowledged that there was an investigation, though it gave no details but said it was fully cooperating with SEC.
The SEC source said the regulator had sent queries about Ecobank’s 2012 performance to all the directors, in line with the International Finance Corporation corporate governance code.

In March, Ecobank, which has operations in 32 African countries said its 2012 pretax profit rose to its highest ever level of $348 million, up a quarter on the same period a year ago.

“The core element of the allegation is on material misstatement of facts on (Ecobank) performance,” the SEC source said. This may also affect whether or not a bonus awarded to Tanoh for that year was proper.

“All the executive directors have been issued a specified questionnaire on matters emanating from the petition and responses are awaited,” the source said.

“I can confirm that our Board of Directors met with SEC in early August and that we are in continuing dialogue with them. We are happy to offer them our ongoing cooperation,” Ecobank spokesman Jeremy Reynolds told Reuters by telephone.

He said Rego, who joined the lender eleven years ago, was suspended because she falsely claimed to be a qualified accountant. Rego had not responded to the bank’s invitation to meet the board of directors and substantiate her claims.
Ecobank has been in the spotlight over debts owed by businesses associated with Lawson.

Last month, the bank said that Lawson had repaid the loans and that no company rules were broken.
Lawson was also reported to have denied that he made any attempt to have debt written off and repaid the N1.6 billion ($10m) his family real estate company owed to Ecobank last month, when it became due after prior restructuring.
However, Reynolds said Tanoh’s bonus was raised with approval from the governance committee.

“The bank takes the allegations very seriously but they are without any foundation. The immediate cause of the suspension is the discovery that Ms do Rego does not possess a professional qualification she has always claimed to have,” The bank’s spokesman said.

Rego, however, said she had never lied about her qualifications and provided documents supporting these from the Ministry of Education in France. In her communications with the SEC and board directors, she suggested that her refusal to comply with demands she believed were not in the best interest of the bank led to her suspension.

Her allegations reignited divisions on the bank’s board following earlier disagreements over the handling of an April letter from the Central Bank of Nigeria (CBN) questioning Lawson’s fitness as chairman.

The CBN had disclosed that Lawson had huge outstanding non-performing facilities at the Asset Management Corporation of Nigeria (AMCON). But the ETI chairman has since come to an agreement with AMCON and the CBN.

At an emergency meeting on August 5, Ecobank said Lawson had unanimous support from the board, but the questions about corporate governance at the bank have not gone away.

source: ThisdAY

 

 

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