Ogbonna exits Access Holdings Board, remains CEO of banking subsidiary

Access Holdings Plc has announced that Mr. Roosevelt Ogbonna, a Non-Executive Director, has stepped down from the board after three and a half years. The holding company disclosed this in a communication to the Nigerian Exchange and signed by the Company Secretary, Sunday Ekwochi. In the statement, the Holdings explained that although Mr. Ogbonna is […]

Access Holdings Plc has announced that Mr. Roosevelt Ogbonna, a Non-Executive Director, has stepped down from the board after three and a half years.

The holding company disclosed this in a communication to the Nigerian Exchange and signed by the Company Secretary, Sunday Ekwochi.

In the statement, the Holdings explained that although Mr. Ogbonna is retiring from its board, he will continue to serve as the Managing Director/Chief Executive Officer of Access Bank Plc, the Group’s banking subsidiary.

According to the statement, his resignation is aimed at ensuring compliance with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies (2023), which stipulate that no more than nine directors can sit on the board of a financial holding company.

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The board expressed its gratitude for his contributions, noting: “The board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group.”

 

Ogbonna was appointed Managing Director and Chief Executive Officer of Access Bank Plc in May 2022, after serving as Deputy Managing Director from 2017 and Executive Director from 2013. He joined Access Bank in 2002 from Guaranty Trust Bank and has built up more than two decades of experience in the banking industry.