ECOWAS Commission underlines alliance with Ecobank

Marcel de Souza and his team from the ECOWAS Commission underscored the bank’s prominent position.
Marcel de Souza and his team from the ECOWAS Commission underscored the bank’s prominent position. | File photo

Meeting with Ecobank Nigeria’s managing director Charles Kie recently in Abuja, Economic Community of West African States President Marcel de Souza stressed the importance of the bank’s interactive role in Nigeria’s economy and requested top-notch service levels for ECOWAS institutions.

In anticipation of changing economic patterns across the continent and specifically in Nigeria, de Souza and his team from the ECOWAS Commission underscored the bank’s prominent position among the various financial institutions with connections to the agency.

De Souza relayed the message that ECOWAS-affiliated parties will come to place a high level of expectation on Ecobank as it assumes a primary role in facilitating imminent economic reforms in the nation — that together, the organizations would achieve a transition “from an ECOWAS of states to an ECOWAS of the people.”

Reminding stakeholders of a 2014 decision requiring ECOWAS to diversify its banking activities, de Souza, alongside ECOWAS Finance Commissioner Sesay Allieu, reviewed financial goals in view of providing service. Additionally, De Souza conferred with ECOWAS Parliament’s first deputy speaker, Lasun Sulaimon Yussuff. Also in attendance was Foluke Aboderin, Ecobank’s executive director.

Ecobank’s Kie related that he would like “the strong relationship that has been on for years now to continue” as he pointed out the institution’s full awareness of bringing money market practices into alignment with those of ECOWAS for more streamlined transactions.

Organizations in this story

Economic Community of West African States 101 Yakubu Gowon Cres Abuja, Asokoro

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