Sack Tanoh Now, PIC Tells Eko Bank Chairman

Public Investment Corporation (PIC) which has the highest investment portfolio in Eko Bank International on Saturday called on interim chairman of the bank, Mr. Andre Siaka to sack Group Chief Executive Officer, of the bank, Mr. Thierry Tanoh.

Request for the sack of Tanoh was contained in a letter to Siaka, wherein PIC itemized the sins of Tanoh as encompassing unilateral sacking of finance director, Laurence do Rego, contrary to a decision by the board.

Signed by Chief Investment Officer of PIC, Mr. Daniel Mtjila, PIC requests the chairman to persuade the GCEO (Tanoh) to resign with immediate effect failing which his contract will be terminated as soon as the Board is in position to meet and discuss the business of the bank.

“If we don’t take this drastic step, we may not have a bank in the near future. That will be the death of a pan African dream,” Reuters quoted the letter as saying.

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The letter comes ahead of Monday’s extraordinary general meeting of the bank. That meeting, coming up in Lome, Togo will give directors opportunity to vote on reforms expected to take the bank higher in the African sub-region.

Tanoh has in the past denied allegations of fraud leveled against him by some directors in the bank.