Access Bank has appointed its most senior director to head the bank after Wigwe’s demise.
Access Bank, Nigeria’s biggest bank by assets, has appointed the most senior executive director, Bolaji Agbede, to head the company two days after the death of Herbert Wigwe, the company’s founding Group CEO. Agbede will hold the position of Acting Group Chief Executive Officer (GCEO), according to a statement signed by the bank, joining the league of women banking CEOs in Nigeria.
Wigwe had died along with his wife, son, and three other passengers, including Abimbola Ogunbanjo, the former chairman of the Nigerian Exchange Group (NGX), aboard a helicopter identified as a Eurocopter EC130 by the US Federal Aviation Administration on Sunday bound for Las Vegas. Share prices of Access Holdings tumbled by 6.26% on Monday in the Nigerian stock market. Lots of trading activities were observed around Access stocks as 24.90 million units of ACCESSCORP were sold yesterday—making it the highest traded stock this week.
“The appointment of Agbede is in alignment with our robust succession planning practices,” said Abubakar Jimoh, chairman of Access Holdings…