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FRCN confirms Nedbank position that Ecobank faces no investigation

Unless proven otherwise, the statement of the chief operating officer of South Africa’s Nedbank on Ecobank should be taken as truth, Daniel Asapokhai, executive secretary/CEO of Financial Reporting Council of Nigeria (FRCN), said Friday. Mfundo Nkuhlu, chief operating officer of Nedbank, which owns 21 percent of the Togo-based lender, said Friday that Ecobank is not…

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