Access Holdings Plc announces new transformation to Board of Access Bank Plc

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The holdco structure means the lender now has the latitude to branch out into other financial services outside its core banking operations.
The group has announced three new appointments and one resignation.



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).

Furthermore, Access Holdings Plc has announced the changes and appointments to the board of its banking subsidiary, Access Bank Plc, following the completion of the scheme of arrangement between Access Bank Plc and its shareholders. The completion of the scheme of arrangement has resulted in the listing of Access Holdings Plc as the parent company of the bank and related group companies.

The group has announced three new appointments and one resignation. The appointment of Mr. Roosevelt Ogbonna FCA, CFA as the Managing Director and Chief Executive Officer (CEO) of Access Bank Plc, Mr. Victor Etuokwu as the Deputy Managing Director, Retail North and Mrs. Chizoma Okoli as Deputy Managing Director, Retail South.
This was disclosed through a notice filed with the Exchange and signed by the group company secretary, Sunday Ekwochi.
In the same vein, the group notified The Exchange and Investing public of the resignation of Mr. Adeolu Bajomo as Executive Director, Information Technology and Operations with effect from September 30th, 2022.


What you should know about the appointees

ROOSEVELT OGBONNA – Managing Director/Chief Executive Officer Access Bank

Mr. Roosevelt Ogbonna has been the Bank’s Deputy Managing Director since 2017. Prior to 2017, he was appointed as Executive Director, Commercial Banking Division in October 2013.
He is a through-bred and consummate professional with over two (2) decades of banking experience having joined Access Bank in 2002 from Guaranty Trust Bank. Mr. Ogbonna has a very professional cum academic background. He is a fellow of the Institute of Chartered Accountants of Nigeria (FCA), an Honorary Member of the Chartered Institute of Bankers (HCIB), a graduate of the Harvard Kennedy School of Government’s Senior Executive.


VICTOR ETUOKWU – Deputy Managing Director, Retail North

Mr. Victor Etuokwu was appointed Executive Director of the Bank in 2012 and his appointment was renewed in 2022 following the expiration of his second term. He has approximately three (3) decades of banking experience cutting across Operations, Information Technology, Business Development and Retail Banking.
He commenced his professional career in Citibank Nigeria where he served in various capacities including Head, Operations and Records and Reconciliations. He joined the Bank in 2003 and has led several critical projects including the mergers with the defunct Intercontinental Bank Plc and Diamond Bank Plc. Mr. Etuokwu holds a Bachelor’s of Science degree and a Master’s in Business Administration from the University of Ibadan and the University of Benin, respectively. He is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and represents the Bank on the boards of E-Tranzact Plc and Unifies Payment Services Limited.

CHIZOMA OKOLI – Deputy Managing Director, Retail South

Mrs. Chizoba Okoli is a seasoned professional with almost three decades of banking experience, she commenced her professional career in 1992 as an Executive Trainee in the defunct Diamond Bank Plc where she distinguished herself and rapidly rose through the ranks to become an Executive Director in 2016. Following the Bank’s merger with Diamond Bank in 2019, she was appointed Executive Director, Business Banking Division by the Bank.
Her experience cuts across commercial and consumer banking; corporate banking; branch banking, institutional banking, business banking and business development. She obtained a Bachelor’s of Law degree from the University of Benin and a Master’s in Business Administration from Warwick Business School, United Kingdom. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Member of the Institute of the Credit Administration of Nigeria.

The Publisher and entire board of ProbitasReport wish to congratulate the new Managing Director / Chief Executive Mr. Roosevelt Ogbonna FCA, CFA and his team on this well deserved appointments and surely we can see the next generation of the Access Warriors emerging and pray that you exceed all expectations of the board. Like our Publisher would always say "The closest thing to REAL BANKING" is at Access Bank Plc" as they have always gone beyond imagination.

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