Access Holdings Plc has made a pivotal decision, announcing the return of Nigerian banker and investor Aigboje Aig-Imoukhuede as its non-executive chairman.
This move comes in the wake of the untimely passing of Herbert Wigwe, the immediate past group CEO of Access Holdings, who previously led the bank’s transformation into Nigeria’s leading lender alongside Aig-Imoukhuede.
In a statement released by the lender, Aig-Imoukhuede, who replaces Abubakar Jimoh, the former chairman of Access Holdings, expressed his readiness to guide the group into a new era of success. The decision for his return followed extensive consultations with key stakeholders, and the Holdco Board unanimously agreed to invite him to helm governance.
“As Non-Executive Chairman, Aig-Imoukhuede will collaborate with the Board of Directors to oversee strategy and provide guidance to the executive management team,” the statement read.
Aig-Imoukhuede’s return: Cementing Access Bank’s legacy and stability post-Wigwe era
Aig-Imoukhuede, who previously served as managing director and CEO of Access Bank Plc for a decade, brings a wealth of expertise and leadership to the table. His tenure saw Access Bank’s significant growth trajectory, positioning it as one of Africa’s leading financial institutions.
The reappointment of Aig-Imoukhuede is seen as a strategic move by industry analysts, given his close professional relationship and shared vision with the late Herbert Wigwe. Both Aig-Imoukhuede and Wigwe jointly owned a substantial stake in the lender through their Family Office, Tengen, representing a 9.09-percent ownership.
Their partnership was instrumental in transforming Access Bank from a relatively small entity into a financial powerhouse. With Wigwe’s unfortunate demise, Aig-Imoukhuede’s return aims to ensure stability and continuity within the organization.
From banking to boardrooms: Aig-Imoukhuede’s multi-faceted influence
Aig-Imoukhuede’s influence extends beyond banking; he is the past President of the Nigerian Stock Exchange and the founding fhairman of the FMDQ OTC Exchange. Additionally, he co-founded the Tengen Family Office Limited, overseeing diverse investments in banking, finance, insurance, technology, and real estate.
His return to Access Holdings Plc is viewed as a strategic response to mitigate potential risks posed by Wigwe’s passing and to reassure stakeholders of the bank’s continued commitment to excellence and growth in Nigeria’s financial landscape.
