Jubril Lawal joins Ecobank as MD after losing out in GTB

The Executive Director of the Guarantee Trust Bank, Jubril Mobolaji Lawal, has joined the Ecobank as the managing director after losing out on the plum job at the Tier 1 lender.

Lawal was appointed the Ecobank managing director a few months after he was snubbed by GTB as successor to Olusegun Agbaje who was elevated to the position of Chief Executive Officer following the restructuring of GTBank into a Holding Company, GTCO.

Six executive directors – Demola Odeyemi, Bolaji Lawal, Haruna Musa, Miriam Olusanya, and Babajide Okuntola – vied for the top position but Olusanya was later appointed as Agbaje’s successor in July.

READ ALSO: Ecobank cuts loans to customers by 2%

In a statement issued by Ecobank on Monday, the lender said the senior banking executive would also coordinate its regional operations.

Lawal will succeed Patrick Akinwuntan who is expected to retire from service in January 2022.

The statement read: “Mobolaji was selected and appointed as Managing Director designate following a keenly contested selection process, which included both internal and external candidates.”

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