DYK Audit & Advisory, a leading Togolese accounting, audit, and consulting firm, will serve as the statutory auditor for Ecobank Group for the next six years. Ecobank’s General Assembly, held on May 28, 2025, in Lomé, approved the appointment.
Dr. Yawo Félix Djidotor, a certified public accountant and senior partner at HLB Togo, will lead the audit. Djidotor holds an Executive Doctorate in Business Administration and served as president of Togo’s National Order of Chartered Accountants until 2023. HLB Togo’s mandate lasts until the General Assembly reviews the accounts for the fiscal year ending December 31, 2030.
Ecobank made this appointment to comply with the Organisation for the Harmonisation of Business Law in Africa (OHADA) regulations. OHADA requires public companies to appoint at least one auditor registered in the country where the company’s headquarters are located. Ecobank Transnational Incorporated, the group’s holding company, is based in Lomé.
HLB Togo, registered with Togo’s National Order of Chartered Accountants, joined the global HLB network in 2024. HLB operates in more than 150 countries, with over 40,000 professionals in 750 offices worldwide. The firm serves both public and private clients, especially in the banking and finance sectors of the West African Economic and Monetary Union (WAEMU).
HLB Togo was also recently appointed as alternate auditor for FICAO Grant Thornton Togo S.A., alongside Crowe TG ICAAF SARL, for a six-year term ending after the 2027 accounts.
With this appointment, HLB Togo joins Ecobank’s audit team, which has included international firms like Deloitte Nigeria and Grant Thornton Côte d’Ivoire. These firms remain involved in Ecobank’s audits but are not registered with Togo’s National Order of Chartered Accountants and cannot alone meet OHADA’s legal requirements.
This article was initially published in French by Fiacre E. Kakpo
Edited in English by Ange Jason Quenum