Following the inauguration of Babajide Sanwo-Olu as the Executive Governor of Lagos State, some top executives from Access Bank Plc visited the state house in Alausa, yesterday, to pay the new Governor homage.
The executives include -Access Bank’s Chief Executive Officer, Herbert Wigwe and the bank’s Co-founder, Aigboje Aig-Imoukhuede. Also at the meeting was the bank’s retired Non-Executive Director of the lender, Dere Otubu.
Sanwo-Olu was, on Wednesday, May 29, sworn in as the new Governor of Lagos State. He is the 15th Governor of the state.
Why it matters: Access Bank Plc is Nigeria’s largest bank by balance Sheet size. It is also headquartered in Lagos with about six hundred branches. Having a mutually beneficial relationship in this era of regulatory onslaught is critical to businesses, particularly so for a bank the size of Access Bank Plc.
It is pertinent to note that the government is saddled with the responsibility of instituting regulations and policies that guide businesses.
About Access Bank: Access Bank Plc is presently one of the five largest banks in Nigeria in terms of assets, loans, deposits and branch network.
The merger between Access Bank and Diamond Bank has positioned the former to be the largest bank in Africa.
Access Bank Plc is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria (CBN), the national banking regulator.
The bank is currently trading N6.25 on the floor of the Nigerian Stock Exchange (NSE).