Aig-Imoukhuede and late Wigwe acquired Access Bank in 2002 and transformed it into one of Nigeria’s biggest lender by market value
By Kehinde Okeowo
Access Bank’s former CEO, Aigboje Aig-Imoukhuede has been appointed as the Non-Executive Chairman of Access Holdings Plc, replacing Abubakar Jimoh.
This was contained in a statement issued by the company on Wednesday after the Board unanimously decided to invite Aig-Imoukhuede to lead the organization.
“Following extensive consultations with key stakeholders, the holdco board decided to invite Mr Aig-Imoukhuede to the helm of governance,” Access Holdings said in a statement to the Nigerian Exchange.
The new chairman and the late the managing director of the organization, Herbert Wigwe bought Access Bank in 2002 and transformed it into Nigeria’s biggest lender by market value.
Since retiring as CEO in 2013, Aig-Imoukhuede has been actively involved in various ventures, including co-founding the Tengen Family Office Limited, which oversees a diverse portfolio of investments spanning banking, finance, insurance, technology, real estate, and energy.
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Additionally, through his foundation, he has been dedicated to nurturing Nigeria’s next generation of leaders and improving access to quality healthcare.
He is expected to collaborate with the Board to provide strategic guidance to the executive management team, leveraging his extensive experience and industry knowledge.
Speaking after 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.”
Also expressing excitement about Aig-Imoukhuede’s appointment, Abubakar Jimoh, the immediate past acting Chairman said, “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.”