Roosevelt Ogbonna resignation from Access Holdings Board ensures compliance with CBN rules while he remains CEO of Access Bank Plc

Roosevelt Ogbonna resignation from the Board of Access Holdings Plc has been officially announced by the company. The decision comes after three and a half years of service as a Non-Executive Director.

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In a notice to the Nigerian Exchange Limited, Access Holdings explained that Ogbonna stepped down to comply with the Central Bank of Nigeria’s 2023 Corporate Governance Guidelines, which limit financial holding company boards to a maximum of nine directors.

Despite his resignation from the Board, Ogbonna remains firmly in place as the Managing Director and Chief Executive Officer of Access Bank Plc, the flagship subsidiary of Access Holdings.

Company Secretary Sunday Ekwochi praised Ogbonna’s service, describing his contributions to the Group as both outstanding and impactful.

The Board also reaffirmed its appreciation for his continued leadership within Access Bank.

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This strategic move highlights Access Holdings’ commitment to regulatory compliance and effective governance, while maintaining Ogbonna’s leadership in steering one of Africa’s largest banks.