Access Holdings Director Roosevelt Ogbonna Resigns From Board, Remains Access Bank MD
Access Holdings Plc has made public the resignation of Mr. Roosevelt Ogbonna, a Non-Executive Director, from its Board after three and a half years of dedicated service. The announcement was made in a statement released on Tuesday and signed by the Company Secretary, Sunday Ekwochi.
According to the statement, Mr. Ogbonna will continue in his role as the Managing Director and Chief Executive Officer of Access Bank Plc, the Group’s flagship banking subsidiary. The company explained that his resignation became necessary to ensure compliance with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies (2023), which limit the number of directors on a financial holding company’s board to nine.
“The board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group,” the statement read.
Mr. Ogbonna was appointed Managing Director and Chief Executive Officer of Access Bank Plc in May 2022, after serving as Deputy Managing Director from 2017 and Executive Director from 2013. He joined Access Bank in 2002 from Guaranty Trust Bank and has over two decades of experience in the banking sector.
A Fellow of the Institute of Chartered Accountants of Nigeria (FCA), an Honorary Member of the Chartered Institute of Bankers (HCIB), and a CFA charter holder, Mr. Ogbonna holds an MBA from IMD Business School in Switzerland, an LL.M in International Corporate & Commercial Law from King’s College London, and an Executive MBA from Cheung Kong Graduate School of Business. He also earned a B.Sc. in Banking and Finance from the University of Nigeria, Nsukka, and completed the Senior Executive Fellow programme at Harvard Kennedy School of Government.
In 2015, he was recognised by the Institute of International Finance as one of its Future Global Leaders. Beyond his role as CEO, Mr. Ogbonna sits on the boards of Access Bank’s subsidiaries in the UK and South Africa and represents the bank on the boards of the Africa Finance Corporation and CSCS Plc.
As of August 2025, the Board of Access Holdings Plc is chaired by Aigboje Aig-Imoukhuede, with Bolaji Olaitan Agbede serving as Acting Group CEO, and Lanre Bamisebi as Executive Director. The independent non-executive directors include Abubakar Aribidesi Jimoh, Fatimah Bintah Bello-Ismail, and Ibironke Adeyemi, while other members are Ojinika Nkechinyelu Olaghere and Olusegun Babalola Ogbonnewo.
Mr. Ogbonna’s resignation, as confirmed in the statement, reflects Access Holdings’ commitment to regulatory compliance while he continues to lead Access Bank Plc’s growth and strategic direction.
About Access Holdings
Access Holdings Plc (“the Company”) is a non-operating financial holding company licensed and regulated by the Central Bank of Nigeria (CBN) and headquartered in Lagos, Nigeria. The Company was established in 2022 following the regulatory, judicial, and shareholders’ approvals of the Scheme of Arrangement between Access Bank Plc and holders of its fully paid-up ordinary shares. The Company serves its various markets through five subsidiaries across the banking, payment, pension administration, and insurance sectors. The Company’s operating subsidiaries are Access Bank Plc, Hydrogen Payment Services Company Limited, Access ARM Pensions Limited, Access Insurance Brokers Limited and Oxygen X Finance Company Limited.
Access Bank Plc serves its various markets through three business segments- Corporate and Investment, Commercial and Retail. The Bank has enjoyed what is Africa’s most successful banking growth trajectory in the last twenty-two years. Following its merger with Diamond Bank in March 2019, Access Bank Plc became one of Africa’s largest retail banks by customer base and Nigeria’s largest bank by total assets. It operates through a network of more than 700 branches and service outlets, spanning three continents, over 20 countries, and serving over 60 million customers.
Hydrogen Payment Services Company Limited, the payment company, leverages the strong suite of the Bank’s existing assets and customer base, creating a super fintech that will be Africa’s most powerful business services network. Hydrogen being a company of African heritage has a clear understanding of the unique payment challenges across the continent and is positioned to address these challenges with its offerings. Its range of products and services, such as InstantPay, Payment gateway, POS services, Card and Switch processing are gaining traction in the marketplace and addressing the unique needs of customers.
Access ARM Pensions Limited [formerly Access Pensions Limited], is one of Nigeria’s largest Pension Funds Administrator (‘PFA’) by customer base and Assets Under Management, with nearly ₦3 trillion in assets under management and serving over 2 million Retirement Savings Account holders.
Access ARM Pensions Limited is the product of several separate entities. The erstwhile Access Pensions Limited first became a subsidiary of Access Holdings following the acquisitions of the former First Guarantee Pension Limited and Sigma Pensions Limited and their later merger. Subsequently, Access Pensions Limited merged with ARM Pensions Managers [PFA] Limited to form Access ARM Pensions Limited. As one of Nigeria’s leading PFAs, Access ARM Pensions Limited is leveraging key relationships and the growing ecosystem of Access Group across Africa to unlock greater opportunities for customers.
Access Insurance Brokers Limited is a company licensed by the National Insurance Commission that provides intelligent solutions that mitigate the unique risks faced by individuals and businesses in an ever-changing world using leading risk management tools and governance standards.
Oxygen X Finance Company Limited is a digital first consumer lending business built to anchor digital lending for Access Group, deliver superior value to customers, drive enhanced value proposition, and maximize value accretion.
Oxygen X is positioned to be a dominant digital-first player in the Nigerian consumer lending space, leveraging connectivity with Access Bank and other subsidiaries while building a dynamic ecosystem.
Access Holdings Plc strives to invest in businesses that are committed to sustainable practices and have a positive impact on the environment.
