Boardroom Reorganization At Access Bank Produces Roosevelt Ogbonna As New MD, Wigwe Remains Access Holdings CEO

Access Bank has named Roosevelt Ogbonna as the new MD while Wigwe remains Access Holdings CEO. In its bid to strengthen its long-term competitiveness and growth prospects, the bank has announced the successful completion of its restructuring into a Holding Company structure (Holdco) known as Access Holdings Plc.

In a notification to the Nigerian Exchange (NGX) Limited on Monday, the company said, Mr. Bababode Osunkoya would be the chairman while Mr. Herbert Wigwe would remain as the group managing director and chief executive officer of Access Holdings Plc.

For the banking subsidiary, Mr. Roosevelt Ogbonna has been appointed as the managing director/CEO, Mr. Victor Etuokwu as deputy managing director (North) and Mrs. Chizoma Okoli, deputy managing director (South).

Under the new re-organization, Access Holding Company Plc would serve as the parent company for the group – Access Bank Nigeria and its many subsidiaries. The parent company now holds 100 per cent shares of Access Bank Nigeria and 100 per cent shares of all non-banking subsidiaries of the bank. While Access Bank Nigeria now own all its banking subsidiaries (15 in total) and all its three representative offices in India, China and Lebanon.

Other members of Access Holdings Plc board are Mr. Abubakar Jimoh (Independent Non-Executive Director),

Mrs. Fatimah Bello-Ismail (Independent Non-Executive Director), Mrs. Ojinika Olaghere (Non-Executive Director), Mr. Olusegun Ogbonnewo (Non-Executive Director), Mr. Roosevelt Ogbonna (Non-Executive Director), Mr. Oluseyi Kumapayi (Non-Executive Director) and Ms. Bolaji Olaitan Agbede (Executive Director).