Access Holdings Appoints Co-founder, Aig-Imoukhuede as Chairman After Wigwe's Death
- Aig-Imoukhuede has emerged as the chairman of Access Holdings Plc to replace Abubakar Jimoh
- The Holdco also announced that Abubakar Jimoh will remain as an independent non-executive director
- This came after Herbert Wigwe, the group chief executive officer of Access Holdings, died after a helicopter crash
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
Access Holdings Plc has appointed Aigboje Aig-Imoukhuede to the bank as its non-executive chairman.
Source: UGC
Aig-Imoukhuede and Herbert Wigwe bought Access Bank in 2002 and turned it into Nigeria's largest lender based on market value.
Aig-Imoukhuede replaces Abubakar Jimoh
The appointment marks the return of the Holdco chairman after ten years when he replaced Abubakar Jimoh, the former chairman who remains on the board as an independent non-executive director.
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It stated in a disclosure of the NGX:
“Access Holdings Plc is pleased to announce the return of Mr. Aigboje Aig-Imoukhuede, CFR, as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR, replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director.
“This visionary and accomplished leader is bringing an outstanding record of accomplishments, a wealth of expertise and leadership to guide the Group into a new era of success.”
The development came in response to the death of the immediate past Group Executive Officer of Access Holdings, Herbert Wigwe.
Herbert Wigwe, the group chief executive officer of Access Holdings, was reported to have been involved in a helicopter crash while in the United States.
According to multiple reports, the incident occurred in California near the Nevada border, where Wigwe was accompanied by his wife and son.
Aig-Imoukhuede: Appointment followed consultation
According to the company, the move followed extensive consultation with key stakeholders as the Holdco board unanimously decided to invite Aig-Imoukhuede to the helm of governance.
” I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision will be realised, which Dr Wigwe gave everything for.”
Access Holdings gets approval-in-principle to operate subsidiary
Legit.ng earlier reported that Access Holdings announced that it obtained the Central Bank of Nigeria's approval-in-principle to establish a consumer lending subsidiary, Oxygen X Finance Company Limited.
It stated this in a disclosure to the Nigerian Exchange signed by Sunday Ekwochi, the company secretary.
The bank stated that the proposed subsidiary would positively impact the financial landscape by providing innovative and seamless digital lending solutions to address distinct challenges facing individuals and businesses in the rapidly evolving world.
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Source: Legit.ng
