Private company

Ecobank Nigeria

Commercial Bank in Nigeria

ECOBANK NIGERIA LIMITED, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.² It is headquartered in Lagos.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1986Founded¹

Industryfinancial services¹
HeadquartersLagos¹
Websiteecobank.com/ng
Legal formPrivate company limited by shares³
LEI254900GIRS0WUNS8DQ30³
StatusActive³
LEI statusIssued and current³
Registered addressEcobank Pan African Centre, 101241 Lagos, Nigeria³
Registered withCorporate Affairs Commission, 89773³

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Corporate structure

Ecobank Nigeria is part of a group headed by ECOBANK TRANSNATIONAL INCORPORATED. 37 entities, 26 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

ECOBANK TRANSNATIONAL INCORPORATED Lome, Togo
- Ecobank Kenya Nairobi, Kenya
- Ecobank Nigeria Lagos, Nigeria
- Ecobank Rwanda Kigali, Rwanda
- Ecobank Uganda Kampala, Uganda
- Ecobank Zimbabwe Lome, Togo
- EBI SA Subsidiary · Courbevoie, France
  - AFRICA RAPIDTRANSFER SA Subsidiary · Courbevoie, France
- ECOBANK (ZAMBIA) LIMITED Subsidiary · Lusaka, Zambia
- Ecobank - Togo Subsidiary · Lome, Togo
- ECOBANK BENIN Subsidiary · Lome, Togo
- Ecobank Burkina Subsidiary · Ouagadougou, Burkina Faso
- ECOBANK BURUNDI Subsidiary · Bujumbura, Burundi
- ECOBANK CABO VERDE, SA Subsidiary · Praia, Cabo Verde
- ECOBANK CAMEROUN SA Subsidiary · Douala, Cameroon
- Ecobank Centrafrique SA Subsidiary · Bangui, Central African Republic
- Ecobank Cote d'Ivoire SA Subsidiary · Abidjan, Côte d'Ivoire
- ECOBANK DEVELOPMENT CORPORATION (EDC) S.A. Subsidiary · Lome, Togo
  - EDC INVESTMENTS LIMITED Branch · Lome, Togo
- ECOBANK EQUATORIAL GUINEA (ECOBANK GUINEA ECUATORIAL) Subsidiary · Malabo, Equatorial Guinea
- ECOBANK GAMBIA LIMITED Subsidiary · Serrekunda, Gambia
- Ecobank Ghana PLC Subsidiary · Accra, Ghana
- ECOBANK GUINE BISSAU Subsidiary · Bissau, Guinea-Bissau
- ECOBANK GUINEE SA Subsidiary · Conakry, Guinea
- Ecobank Liberia Limited Subsidiary · Monrovia, Liberia
- ECOBANK MALI Subsidiary · Bamako, Mali
- Ecobank Mocambique, SA (Ecobank Moçambique, SA) Subsidiary · Maputo, Mozambique
- ECOBANK REPUBLIQUE DEMOCRATIQUE DU CONGO Subsidiary · Kinshasa, Democratic Republic of the Congo
- and 9 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Products and brands

Ecobank network

Ecobank Nigeria is a member of Ecobank, the leading independent pan-African bank, headquartered in Lomé, Togo, with affiliates in West, Central and East Africa. Ecobank, which was established in 1985, has grown to a network of over 1,000 branches, employing over 10,000 people, with offices in 32 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, the Central African Republic, Chad, the Republic of Congo, the Democratic Republic of Congo, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Mali, Malawi, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, Togo, Uganda, Zambia and Zimbabwe. Ecobank also maintains a banking subsidiary in Paris and representative offices in Johannesburg, Dubai and London.

Branch network

As of December 2011, the expanded Ecobank Nigeria Limited. is projected to have in excess of 600 branches, in all parts of the Federal Republic of Nigeria, following the merger of Oceanic Bank.

From Wikipedia’s article on Ecobank Nigeria, shared under CC BY-SA 4.0.⁴

Subsidiaries and ownership

Parent company

Ecobank

Parent company (GLEIF)

ECOBANK TRANSNATIONAL INCORPORATED³

From Wikidata.¹ Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Controversies and legal

Legal disputes

Honeywell

The dispute between Honeywell Group is an ongoing legal battle over debt repayment, which commenced in 2015. Ecobank alleged that Honeywell owed it about N3.5 billion in unpaid loans. Honeywell subsequently insisted that it had fully repaid the debt and accused Ecobank of unfair practices. In 2018 Honeywell filed a suit claiming N72 billion in damages from the bank for reputational losses suffered as a result of the asset-freezing ex-parte order.

Honeywell sought the intervention of the Chartered Institute of Bankers of Nigeria's (CIBN) Sub-Committee on Ethics and Professionalism Bankers' Committee. At the end of the review of the arguments adduced by Honeywell and Ecobank, the Bankers' Committee ruled in Honeywell's favor by resolving that the payment of N3.5 billion by Honeywell was indeed full and final settlement of its obligations to Ecobank and Honeywell was not indebted to Ecobank.

The case has so far gone through various courts, including the Federal High Court, the Court of Appeal, and the Supreme Court of Nigeria. In 2022, the court ruled in favour of Honeywell, affirming that the company had settle its obligations. Ecobank has challenged the ruling.

Wilben Trade

In December 2024, a $68 million claim was launched in Dubai against Jeremy Awori, CEO of Ecobank Transnational Inc, and ETI's subsidiaries; ETI Special Resolutions Company (ETISRC), and its Managing Director, Oladele 'Dele' Alabi; Ecobank Nigeria Limited (commonly referred to as Ecobank Nigeria), on allegations of defamation, abusive proceedings, and coercion in Nigeria.

The defendants are alleged to have attempted to coerce Wilben Trade and its CEO, Marcus Wade, into making substantial undue payments to Ecobank Nigeria and ETISRC following a loss suffered in 2015, in what Wilben's legal counsel has described as an extortion attempt.

ETI's leadership, including CEO Awori, has reportedly been aware of ETISRC and its managing director Alabi's alleged extortion against Wilben Trade since August 2023 but has taken no action to stop it.