Court Awards Former Ecobank CEO $11.6m

A court in Togo awarded the former chief executive of Pan-African Ecobank, Thierry Tanoh, $11.6 million on Tuesday in his wrongful dismissal suit.

Reuters  reported that the bank said it would appeal the ruling.

 

Ecobank's board had fired Tanoh last March after months of turmoil over allegations that he allowed breaches of corporate governance.

Last month a court in Ivory Coast awarded him $15 million for defamation over a row in the run-up to his dismissal.

A court in Togo awarded the former chief executive of Pan-African Ecobank, Thierry Tanoh, $11.6 million on Tuesday in his wrongful dismissal suit.
Reuters  reported that the bank said it would appeal the ruling.
Ecobank's board had fired Tanoh last March after months of turmoil over allegations that he allowed breaches of corporate governance.
Last month a court in Ivory Coast awarded him $15 million for defamation over a row in the run-up to his dismissal.
The UN Security Council, on Tuesday urged West Africa countries to enhance regional military operations and coordination to effectively combat activities of Boko Haram in the region. The Security Council stated this in a statement made available to newsmen in Lagos by the United Nations Information Centre (UNIC). - See more at: http://www.vanguardngr.com/2015/02/un-calls-regional-military-boko-haram/#sthash.vCJaZnMj.dpuf