Enko Opportunity Growth Fund Limited, a company in which the current chairman of Eco Transnational Incorporated ETI, Mr. Alian Nkontchou is both a managing partner and co. founder has purchase over N3.8 billion worth of ETI shares.
The transaction which took place at the Nigerian Exchange Limited in Lagos, was contained in an initial notification from the ETI, published by the NGXGroup recently. Enko Opportunity Growth Fund Limited was said to have bought 322,010,114 units ETI share at an average value of N11.83k per share between 23/3 to 25/4 2022.
Mr Alain Nkontchou a Cameroonian, an Independent Non-Executive Director of ETI since 2015, became the chairman of the board of ETI after the immediate past chairman Mr. Emmanuel Ikazoboh, a Nigerian, ended his six-year tenure as Chairman on 30 June 2020 having reached the retirement age of 70.
Alain Nkontchou is the Managing Partner and co-founder of Enko Capital Management LLP, an asset management company based in London and Johannesburg, which focuses on African investment opportunities.
Mr Nkontchou was an advisor at Laurent Perrier champagne, having been a Non-Executive Director from 1999 to 2009. He was Managing Director of Credit Suisse’s Global Macro Trading Group in London between 1995 and 2008 and also at JP Morgan Chase & Co. in the same capacity. Between 1989 and 1994, he was with Chemical Bank in Paris and New York, where he became Vice- President, Head of Trading and Sales. Mr Nkontchou has a track record of business success, having generated significant dollar revenues for each of these top tier institutions. He has an MSc in Electrical Engineering from Supélec and P.M. Curie University, Paris, and an MSc in Finance and Accounting from ESCP (Ecole Supérieure de Commerce de Paris).