Ogbonna resigns from Access Holdings board, retains role as bank CEO

Ogbonna resigns from Access Holdings board, retains role as bank CEO Ogbonna resigns from Access Holdings board, retains role as bank CEO
Access Bank MD, Roosevelt Ogbonna
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Roosevelt Ogbonna has resigned from the Board of Access Holdings Plc as a non-executive director after three and a half years of service in that role.

Despite his exit from the holding company’s board, Ogbonna will remain the managing director/chief executive officer of Access Bank Plc, the Group’s flagship banking subsidiary.

The development was announced in a disclosure filed with the Nigerian Exchange on Wednesday, August 27, 2025, and signed by the Company Secretary, Sunday Ekwochi.

According to the filing, Ogbonna’s resignation was made in compliance with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies (2023), which restrict the number of directors on such boards to a maximum of nine.

“The board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group,” the company said.

Access Bank transitioned into a financial holding company, Access Holdings Plc, in 2002 after securing regulatory, judicial, and shareholder approvals through a Scheme of Arrangement that restructured the institution from a single commercial entity into a parent company overseeing multiple financial subsidiaries.

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