Access Holdings Plc has announced that Roosevelt Ogbonna has resigned as a Non-Executive Director on the company’s Board after serving for three and a half years.
Gatekeepers News reports that in a notice issued to the Nigerian Exchange Limited, Access Holdings explained that Ogbonna, who will continue as the Managing Director and Chief Executive Officer of Access Bank Plc, stepped down to adhere to the Central Bank of Nigeria (CBN)’s Corporate Governance Guidelines for Financial Holding Companies, 2023.
These guidelines stipulated that a financial holding company can have a maximum of nine directors on its Board.
“Access Holdings Plc (‘the Company’) today 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.
“His resignation allows the Company to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies in Nigeria, 2023, which stipulates a maximum of nine (9) directors for the Board of a Financial Holding Company,” the statement partly read.
Commenting on the development, the Company Secretary, Sunday Ekwochi, said, “The Board appreciates Ogbonna for his outstanding and continued contributions to the Access Group.”
Access Holdings added that Ogbonna will continue in his role as Managing Director and Chief Executive Officer of its flagship subsidiary, Access Bank Plc.
