By December, Aig-Imoukhuede Says He Will Retire As MD of Access Bank

“In 2002, we believed in the robustness of our plan to be among the top 10 banks in Nigeria in five years. That we have since achieved along with rewarding our investors with a return of over 4,000%. Today, we are among the first four banks in the country; we have the highest upside valuation than any bank in Nigeria,” Mr. Aigboje Aig-Imoukhuede, MD of Access Bank said, as he presented the bank’s 5-year corporate strategy to investors and stakeholders on the floor of the Nigerian Stock Exchange (NSE) — last week. He announced his retirement — effective from December 31, 2013 — in the same speech, and named the bank’s current Deputy Managing Director, Mr. Herbert Wigwe, as his successor. “But also key is that amongst this growth story, we have executed mergers and acquisitions in an outstanding fashion. Be it in Nigeria, where we have won awards for the speed with which we have concluded the transactions, and the value that accreted to our investors. Also, we are one of the 10 most capitalised stocks on the NSE and we are also listed on the London Stock Exchange (LSE),” he also said. Mr. Aig-Imoukhuede has been the Managing Director, of Access Bank, for 11 years, taking the bank through transformational leadership during NSE boom and the global slump that followed. He is a trained lawyer and worked with GTBank, before becoming MD of Access Bank.