Access Holdings Plc has announced the resignation of Roosevelt Ogbonna from its Board of Directors after three and a half years of service as a Non-Executive Director.
In a regulatory filing to the Nigerian Exchange Limited on Wednesday, the company explained that Ogbonna stepped down to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies (2023), which limits board membership to a maximum of nine directors.
Ogbonna will continue in his position as Managing Director and Chief Executive Officer of Access Bank Plc, the flagship subsidiary of Access Holdings.
“Access Holdings Plc today announces the resignation of Roosevelt Ogbonna from its Board after three and a half years of dedicated service. His resignation aligns with the CBN’s requirement limiting the number of directors on a financial holding company’s board to nine,” the company stated.
Commenting on the development, Company Secretary Sunday Ekwochi said, “The Board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group.”
Access Holdings reaffirmed that Ogbonna remains at the helm of Access Bank Plc, where he continues to play a key leadership role.
