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FRCN confirms Nedbank position that Ecobank faces no investigation

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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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