Access Bank SL names Maurice Cole Chairman, 4 non-executive directors

Access Bank SL names Maurice Cole Chairman, 4 non-executive directors

Access Bank Sierra Leone has announced the appointment of Maurice Nathaniel Cole and four other non-executive directors to its Board of Directors. This move is aimed at strengthening the bank’s leadership team and advancing the implementation of its growth and transformation strategy. The appointments also reflect the bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

The new non-executive directors bring a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.

Maurice Nathaniel Cole will serve as Chairman, following the exit of Alice Marie Onomake. Cole’s experience will be invaluable as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd, expressed his excitement at the appointment of the new executives. He noted that their leadership and vision would be invaluable as the bank navigates through challenges and pursues sustained success. He also extended his gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the bank.

Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

Shareholders of Access Holdings Plc recently endorsed the group’s plan to establish a capital raising programme of up to $1.5 billion as well as the subset initiative to raise to N365 billion through a rights issue. The proceeds of the rights issue would be used to support ongoing working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as non-executive directors. The appointment of Aig-Imoukhuede as the chairman of Access Holdings was cheered by the shareholders, who pointed to his history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside the late Herbert Wigwe.

Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo, shareholders said.

In conclusion, the appointment of Maurice Nathaniel Cole and four other non-executive directors to the Board of Directors of Access Bank Sierra Leone Ltd is a positive development that will further strengthen the bank’s leadership team and advance the implementation of its growth and transformation strategy. The bank remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter.