Access Holdings Plc, the parent company of Access Bank, has announced the resignation of Roosevelt Ogbonna from its board as a non-executive director.

According to a statement issued by the Company Secretary, Sunday Ekwochi, the decision was taken to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies (2023), which stipulate that a financial holding company’s board must not exceed nine directors.

Although stepping down from the Access Holdings board, Ogbonna will retain his position as Managing Director and Chief Executive Officer of Access Bank Plc.

“The board appreciates Mr. Ogbonna for his exceptional and ongoing contributions to the Access Group,” the statement added.

Ogbonna assumed the role of Managing Director and CEO of Access Bank Plc in May 2022.