A former executive Vice Chairman of the Nigerian Communications Commission (NCC) Ernest Ndukwe has resigned his position as a director of Nigerian biggest bank by assets Access Bank Plc, the lender announced on Tuesday.
In a regulatory filing by the bank to the Nigerian Stock Exchange (NSE), Access Bank Company Secretary Sunday Ekwochi said Ndukwe exit from the lender was without rancour.
“The Board of Directors of Access Bank hereby announces that Ndukwe has indicated his intention not to seek re-election during the bank’s 2020 AGM.
“Accordingly, he has resigned from the board, effective March 31, 2020, to enable him focus on his current and additional responsibilities.
“Ndukwe has confirmed that he has no disagreement with the board and there are no issues relating to his resignation that needs to be brought to the attention of the bank’s shareholders or the regulatory authorities.
“The board is identifying the right candidate to fill the resultant vacancy as soon as possible, and further announcement will be made in this regard, in due course,” the statement said.
The board expressed its appreciation to Ndukwe for his “immense contributions to the bank these past years”.
Ndukwe, an Electrical/Electronics Engineer, with over 36 years’ experience in the Telecommunications Industry. He served as executive vice-chairman of NCC between 2000 and 2010 and was responsible for the level of transparency recorded at the NCC, which resulted in the liberalization of the Telecommunications Industry and significant investment in the sector.
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