Nigeria’s Access Bank has appointed,
Paul Usoro, a senior lawyer as non-executive director to replaced Babatunde
folawiyo, who has also retired from the bank after 12 years on board as
non-executive.
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| Access Bank Ceo, Wigwe |
Usoro, a Senior Advocate of
Nigeria (SAN), Fellow of the Chartered Institute of Arbitrator and the
Founder and Senior Partner of the law firm of Paul Usoro and Co, is expected to brings on
board his extensive boardroom experience from some of Nigeria’s leading companies and
multinationals.
He has over 30 years post-call
experience and is acknowledged as one of Nigeria’s brightest litigators and
foremost communication law experts. He has advised a wide range of blue chip
Nigerian and foreign companies in project finance and development, equity raising,
infrastructure development and Management Buy-outs.
Usoro currently serves on the
Board of Airtel Network Limited (and the Chairman of the Audit Committee), Nigeria
Bulk Electricity Traders Plc, Marina Securities Limited, Premium Pension Limited and PZ
Cussons Nigeria Plc. He represented Access Bank on the Board of Intercontinental
Bank in 2011 as a Non-Executive Director following the Bank’s acquisition of the
Intercontinental Bank Group.
He holds a Bachelors of Law
Degree from University of Ife (1981) and was called to Nigerian Bar in 1982.
His appointment has been approved
by the Central Bank of Nigeria.
Commenting on the appointment,
Mr. Gbenga Oyebode MFR, the Chairman of Access Bank said:
"I am delighted to welcome
Paul on the Board of Access Bank. He brings on board a very rich professional
and corporate board experience relevant to our industry as well as a deep
understanding of the needs of shareholders. I am certain that these skills can
only benefit Access Bank in our quest to become the
world’s Most Respected African
Bank."
Folawiyo retirment was in line with the maximum 12 year term stipulated by the Central Bank of
Nigeria’s Code of Corporate Governance for Banks in Nigeria.
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