By Mary Onyia
Access Holdings Plc has announced the retirement of Mr. Roosevelt Ogbonna as a Non-Executive Director from its Board of Directors, in compliance with the Central Bank of Nigeria’s (CBN) 2023 Corporate Governance Guidelines for Financial Holding Companies.
Ogbonna stepped down after three and a half years of service on the board. However, he will continue to serve as Managing Director/Chief Executive Officer of Access Bank Plc, the Group’s flagship banking subsidiary.
The announcement, signed by Company Secretary Sunday Ekwochi and filed with the Nigerian Exchange (NGX), reaffirmed the Group’s commitment to regulatory compliance. The CBN guidelines stipulate that no more than nine directors can serve on the board of a financial holding company.
“The board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group,” the statement read.