Ecobank haunted by $165m fraud saga and drawn-out legal war

When Nedbank confirmed in August that it would sell its 21.2% shareholding in Ecobank Transnational Incorporated (ETI) to Bosquet Investments for $100-million, it marked the end of a 17-year partnership between two of Africa’s largest banking names.
The …
Ecobank haunted by 5m fraud saga and drawn-out legal war