LAGOS, Nigeria (Chatnewstv.com) — Access Holdings Plc said Monday that Roosevelt Ogbonna has resigned as a non-executive director of the company’s board to comply with new central bank rules, though he will continue to serve as managing director and chief executive officer of Access Bank Plc.
In a notice to the Nigerian Exchange, the financial group said Ogbonna’s resignation was in line with the Central Bank of Nigeria’s 2023 Corporate Governance Guidelines for Financial Holding Companies, which limit boards to nine directors.
“Access Holdings Plc 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,” the company said. “His resignation allows the company to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines.”
Company Secretary Sunday Ekwochi praised Ogbonna’s contributions. “The Board appreciates Ogbonna for his outstanding and continued contributions to the Access Group,” he said.
Ogbonna will remain at the helm of Access Bank, the flagship subsidiary of Access Holdings.
