A decade ago, Ecobank Transnational Incorporated (ETI), which is the holding group for the Ecobank subsidiary banking institutions that we know, became embroiled in one of the most spectacular corporate governance train smashes of the African 21st century.
In October 1985, ETI was incorporated with an authorised capital of $100 million. The initial paid-up capital of $32 million was raised from over 1,500 individuals and institutions from West African countries.
