MTN Nigeria Chairman Ernest Ndukwe Quits Access Bank

Ernest Ndukwe Access Bank MTN Nigeria

By Modupe Gbadeyanka

Chairman of MTN Nigeria Communications Plc, Mr Ernest Ndukwe, has announced his intention to resign from the board of Access Bank Plc effective March 2020.

Business Post recalls that in July 2019, MTN Nigeria, which joined the Nigerian Stock Exchange (NSE) in May 2019, announced the appointment of the former Executive Vice Chairman of the Nigerian Communications Commission (NCC) as its new Chairman, replacing Mr Pascal Dozie, founder of the defunct Diamond Bank Plc, which merged with Access Bank in March this year.

In a disclosure on Tuesday, Access Bank announced by Mr Ndukwe was leaving its board so as to focus on his new role at the telecommunications company.

“The board of directors of Access Bank Plc hereby announces that Dr Ernest Ndukwe has informed his intention not to seek re-election during the bank’s 2020 Annual General Meeting (AGM).

“Accordingly, he has resigned from the board effective March 31, 2019 to enable him focus on his current and additional responsibilities,” a part of the statement from Access Bank read.

The lender further said, “Dr 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.”

Continuing, Access Bank said, “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.”

Concluding, the bank said, “The board would like to express its appreciation to Dr Ndukwe for his immense contributions to the bank these past years.”

While on the board of Access Bank, Mr Ndukwe served as an independent non-executive director. He was appointed to the position in 2013. He is graduate of Electronic and Electrical Engineering from University of Ife (now Obafemi Awolowo University).

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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