Leading financial institution, Access Bank PLC has announced the successful completion of its restructuring into a Holding Company structure known as Access Holdings Plc. This is in its bid to strengthen its long-term competitiveness and growth prospects.
In a notification to the Nigerian Exchange (NGX) Limited on Monday, March 28th, 2022, the company said; “Mr. Bababode Osunkoya will be the Chairman while Mr. Herbert Wigwe will remain as the Group Managing Director and Chief Executive Officer of Access Holdings Plc.”
For the banking subsidiary, Mr. Roosevelt Ogbonna has been appointed as the Managing Director/CEO, Mr. Victor Etuokwu as Deputy Managing Director (North) and Mrs. Chizoba Okoli, Deputy Managing Director (South).
Under the new re-organisation, Access Holding Company Plc would serve as the parent company for the group – Access Bank Nigeria and its many subsidiaries.
The parent company now holds 100 per cent shares of Access Bank Nigeria and 100 per cent shares of all non-banking subsidiaries of the bank. While Access Bank Nigeria now own all its banking subsidiaries (15 in total) and all its three representative offices in India, China and Lebanon.
Other members of Access Holdings Plc board are: Mr. Abubakar Jimoh (Independent Non-Executive Director),
Mrs. Fatimah Bello-Ismail (Independent Non-Executive Director), Mrs. Ojinika Olaghere (Non-Executive Director), Mr. Olusegun Ogbonnewo (Non-Executive Director), Mr. Roosevelt Ogbonna (Non-Executive Director), Mr. Oluseyi Kumapayi (Non-Executive Director) and Ms. Bolaji Olaitan Agbede (Executive Director).
