Roosevelt Ogbonna Steps Down From Access Holdings Board, Remains MD/CEO Of Access Bank

Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna from its Board of Directors, in line with the Central Bank of Nigeria’s (CBN) 2023 Corporate Governance Guidelines for Financial Holding Companies.

In a filing to the Nigerian Exchange Group (NGX), the company confirmed that Mr. Ogbonna stepped down after three and a half years of service as a Non-Executive Director.

However, he will continue in his role as Managing Director/Chief Executive Officer of Access Bank Plc, the flagship subsidiary of Access Holdings.

“Access Holdings Plc (‘the Company’) today announces the resignation of one of its Non-Executive Directors, Mr. Roosevelt Ogbonna, from the Board after three and a half years of dedicated service.

Mr. Ogbonna continues to serve as the Managing Director/Chief Executive Officer of Access Bank Plc, the Company’s flagship subsidiary,” the company said in the statement.

His resignation was necessary for Access Holdings to comply with the CBN’s corporate governance rules, which limit the number of directors on the board of a financial holding company to a maximum of nine.

The Board expressed appreciation for Mr. Ogbonna’s contributions to the growth of the Access Group and noted that his leadership at Access Bank remains critical to the institution’s success.

Mr. Ogbonna was appointed Managing Director/Chief Executive Officer of Access Bank in May 2022, after serving as the Bank’s Deputy Managing Director from 2017 and as an Executive Director from 2013.

He began his career with Guaranty Trust Bank before joining Access Bank in 2002, where he has built over two decades of leadership and banking experience.

A seasoned professional, Mr. Ogbonna is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Bankers (FCIB).

He is also a CFA charter holder and a graduate of the Harvard Kennedy School of Government’s Senior Executive Fellow programme, as well as an alumnus of Harvard Business School.

His academic achievements include a Master’s degree in Business Administration from IMD Business School, Switzerland; a Master of Laws (LL.M) in International Corporate & Commercial Law from King’s College, London; an Executive MBA from Cheung Kong Graduate School of Business; and a Bachelor’s degree in Banking and Finance from the University of Nigeria, Nsukka. In 2015, he was recognised as one of the Institute of International Finance (IIF) Future Global Leaders.

Beyond Access Bank, Mr. Ogbonna has extensive board experience. He currently serves as a Non-Executive Director of the Bank’s subsidiaries in the UK and South Africa, and also represents the Bank on the boards of investee companies such as the Africa Finance Corporation and Central Securities Clearing System (CSCS) Plc.