Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna as a Non-Executive Director after three and a half years on its board.

The development was disclosed in a notice filed with the Nigerian Exchange and signed by the Company Secretary, Sunday Ekwochi.

The company clarified that while Mr. Ogbonna is stepping down from the Holdings’ board, he will continue in his role as Managing Director/Chief Executive Officer of Access Bank Plc, the Group’s banking subsidiary.

Access Holdings Plc explained that Mr. Ogbonna’s resignation was to comply with the Central Bank of Nigeria’s 2023 Corporate Governance Guidelines for Financial Holding Companies, which limit the number of directors on such boards to nine.

In its statement, the board thanked him for his service, saying, “The board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group.”

Mr. Roosevelt Ogbonna was appointed Managing Director and Chief Executive Officer of Access Bank Plc in May 2022, having previously served as Deputy Managing Director from 2017 and as Executive Director from 2013.

He joined Access Bank in 2002 from Guaranty Trust Bank and has accumulated over 20 years of experience in the banking industry.

His career reflects a blend of professional distinction and academic excellence.

He is a Fellow of the Institute of Chartered Accountants of Nigeria, an Honorary Member of the Chartered Institute of Bankers, and a CFA charter holder.

Ogbonna holds an MBA from IMD Business School in Switzerland, an LL.M in International Corporate & Commercial Law from King’s College London, an Executive MBA from Cheung Kong Graduate School of Business, and a B.Sc. in Banking and Finance from the University of Nigeria, Nsukka.

He has also completed the Senior Executive Fellow programme at the Harvard Kennedy School of Government and studied at Harvard Business School.

In recognition of his leadership potential, the Institute of International Finance named him one of its Future Global Leaders in 2015.

In addition to his role as CEO, Mr. Ogbonna sits on the boards of Access Bank’s subsidiaries in the United Kingdom and South Africa.

He also represents the Bank on the boards of Africa Finance Corporation and Central Securities Clearing System Plc.