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Access Holdings has reappointed Aigboje Aig-Imoukhuede as its non-executive chairman after 10 years of serving as the bank’s Chief Executive Officer (CEO).
Following extensive consultations with key stakeholders and the untimely death of Herbert Wigwe, the immediate past Group Chief Executive Officer of Access Holdings, the Holdco Board unanimously decided to invite Aig-Imoukhuede to the position of head of governance.
Abubakar Jimoh, the former HoldCo chairman who is still a non-executive independent director on the board, is replaced by Aig-Imoukhuede.
The HoldCo announced on Wednesday that Aig-Imoukhuede, a visionary and accomplished leader, is bringing an exceptional track record of accomplishments, wealth of expertise, and leadership to steer the Group into a new era of success.
“With an illustrious career spanning several decades in the banking and finance sector, Mr. Aig-Imoukhuede has proven to be an exceptional and influential leader, having admirably laid a solid foundation for Access Bank’s success as Group Chief Executive Officer between 2002 and 2013 ably supported by his partner and deputy, the late Dr. Herbert Wigwe, CFR who later succeeded him”, it said.
Access Bank expanded remarkably and became known as a reliable financial institution in the community under Aig-Imoukhuede’s direction. From being a small player, the bank rose to become one of Nigeria’s top 5, with operations in nine other African nations as well as the UK. Under his direction, Access Bank hit multiple milestones, became a globally recognized brand, and expanded from ten thousand to over six million customers, employing over 5,000 people and amassing $12 billion in assets. His creative thinking, keen understanding of the market, and strategic vision were crucial in determining the Bank’s success.
Aig-Imoukhuede cofounded Tengen Family Office Limited, which is in charge of managing a sizable portfolio of investments and companies in the banking, finance, insurance, technology, real estate, and energy sectors, after he retired as the Bank’s CEO in December 2013. He is committed to developing the next generation of Nigerian government leaders through the Aig-Imoukhuede Foundation, transforming the effectiveness of the public sector, and expanding access to high-quality primary healthcare.
“The decision to bring back Aig-Imoukhuede as the Group’s Non-Executive Chairman reflects the Board’s commitment to our core values and determination to build upon the strong foundation, he jointly established with Dr. Wigwe. With his return, Access Holdings aims to leverage his extensive experience, industry knowledge, and exceptional leadership skills to consolidate on the growth and accomplishments recorded under Dr. Wigwe’s leadership.
“In his new role as Non-Executive Chairman, Mr. Aig-Imoukhuede will collaborate with the Board of Directors to oversee strategy and provide guidance to the executive management team. His return is not only a testament to his unwavering dedication to Access Group but also a clear demonstration of the Board’s confidence in his ability to lead the Group to new heights,’ the company said.
Speaking about his return, Abubakar Jimoh past Chairman, Access Holdings expressed his excitement, stating:
“Mr. Aig-Imoukhuede’s appointment to the Board and subsequent election as Chairman is a landmark development for Access Holdings. All our board members are excited about our future’’.
Commenting on his appointment, Aig-Imoukhuede, said: “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 which Dr. Wigwe gave everything for, will be realized”.
Aig-Imoukhuede’s return is much anticipated by the whole Access Group family, which includes staff members, clients, and stakeholders. We anticipate a bright future under his direction. With his knowledge, enthusiasm, and dedication, the Access Group is ready to start a new phase of significant influence and long-term prosperity.