By Peter Omopo
Access Holdings Plc has announced the resignation of Roosevelt Ogbonna as a Non-Executive Director of its Board after three and a half years of service.
The company disclosed this in a notice to the Nigerian Exchange Limited (NGX) on Wednesday, explaining that Ogbonna stepped down to enable compliance with the Central Bank of Nigeria’s (CBN) Corporate Governance Guidelines for Financial Holding Companies, 2023, which limits the board of such companies to a maximum of nine directors.
Despite his resignation from the Access Holdings Board, Ogbonna will continue to serve as the Managing Director and Chief Executive Officer of Access Bank Plc, the group’s flagship subsidiary.
The statement read in part:
“Access Holdings Plc announces the resignation of one of its Non-Executive Directors, Roosevelt Ogbonna, from the Board after three and a half years of dedicated service. Ogbonna continues to serve as the Managing Director/Chief Executive Officer of Access Bank Plc, the Company’s flagship subsidiary.”
Commenting on the development, the company’s secretary, Sunday Ekwochi, expressed appreciation to Ogbonna for his “outstanding and continued contributions” to the Access Group.
Access Holdings reaffirmed that Ogbonna’s leadership at Access Bank Plc remains crucial to its growth strategy, even as his exit from the Board ensures compliance with regulatory requirements.
