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Market Digest Nigeria

Finance

Access Bank Plc appoints Hassan M.T Usman as director

Access Bank Plc has announced the appointment of Mr Hassan M.T Usman, as an Independent Non-Executive Director of the bank, following the approval of the Central Bank of Nigeria.

Mr. Usman is the Founder/Chief Executive Officer of New Frontier Development Limited, an investment company focused on financial advisory, hospitality, real estate and proprietary investments in startups and challenged companies in the SME space. He is also the Founder/Chairman of the Board of Trustees of the Al-Qalam (Pen) Foundation, a Non-for-Profit Organization that provides educational opportunities to disadvantaged children.

Prior to his new appointment, he was the Managing Director/Chief Executive Officer of Aso Savings and Loans Plc and an Executive Director at Abuja Investment and Property Development Company Limited. He was at various times the Deputy Director and Head of Petrochemicals and Gas Unit, Transport Sector Reform Team as well as the Deputy Director Telecoms Reform Lead and Head NITEL Privatization at the Bureau of Public Enterprises. He had also worked with the Central Bank of Nigeria, Arthur Andersen and CitiBank Nigeria.

Usman holds a Bachelor of Arts Degree in Economics from the University of Sussex and a Master of Philosophy in Development Economics from the University of Cambridge. He is a Fellow of the Institute of Chartered Accountants in England and Wales. He is also an Eisenhower Fellow and Archbishop Desmond Tutu Fellow of the African Leadership Institute.

Over the years, Usman served as a member of the Board of Directors of the Nigeria Sovereign Investment Authority, Nigeria Mortgage Refinance Company and Council of the Nigerian Stock Exchange.

While commenting on Usman’s appointment, the Chairman of Access Bank Plc, Ajoritsedere Awosika said, ‘’We are delighted to be joined by Mr Hassan M.T. Usman, a leader with a rich blend of academic, entrepreneurial and public sector experience which are all relevant to the needs of our Board.’’

‘’As we embark on the next phase of our enterprise transformation, we continue to strengthen the diversity of our board, we are strongly convinced that he will no doubt add significant value to our quest to become Africa’s Gateway to the World.’’

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