Access Bank appoints new female Board Chairman as Belo-Olusoga steps down

Access Bank has appointment  Ajoritsedere  Awosika as its new board chairman, to replace its current chairman who is due for retirement by January next year.

Awosika, will be replacing Mosun Belo-Olusoga, also a female on the board as chairman, according to a regulatory filing by the lender on Tuesday.

Belo-Olusoga will be leaving the board of the bank after serving for 12 years and has reached her term limit in accordance with the Central Bank of Nigeria (CBN) code of corporate governance for banks.

Bello-Olusoga became the Chairman of the Board in July 2015 but joined the board 12 years ago as a non-executive director.

The outgoing chairman was quoted by the statement as saying: “she has no disagreement with the Board as there was no need for issues relating to her retirement to stir up worries by shareholders of the company or the regulatory authorities.”

The new chairman, Awosika joined the board in April 2013 as an Independent Non-Executive Director and has been the Chairman and Vice-Chairman of the Board Credit and Finance Committee and the Board Audit Committee respectively in addition to membership of other board committees.

She is said to be an accomplished administrator with over three decades of experience in public sector governance.

She was at various times, the Permanent Secretary in the Federal Ministries of Internal Affairs, Science & Technology and Power.

Awosika is a fellow of the Pharmaceutical Society of Nigeria and the West African Postgraduate College of Pharmacy.

She holds a Doctorate degree in Pharmaceutical Technology from the University of Bradford, United Kingdom.

She is the Chairman of Chams Plc and Josephine Consulting Limited and a NonExecutive Director of Capital Express Assurance Ltd.

Last month, the lender announced that the pioneer chief executive of the country’s telecoms industry regulator, Ernest Ndukwe stepped down from the board of the bank.