Access Holdings Plc has announced the resignation of one of its non-executive directors, Roosevelt Ogbonna, from its board after three and a half years of service.

In a notice to the Nigerian Exchange Limited on Wednesday, the company explained that Ogbonna, who continues to serve as the Managing Director/Chief Executive Officer of Access Bank Plc, stepped down from the board in order to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies, 2023.

The guideline stipulates a maximum of nine directors for the board of a financial holding company.

“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 reads.

Commenting on the development, the Company Secretary, Sunday Ekwochi, said, “The board appreciates Ogbonna for his outstanding and continued contributions to the Access Group.”

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