Access Bank Names Oluseyi Kumapayi Deputy MD for Africa

Access Bank Plc (NGX: ACCESSCORP) has appointed Oluseyi Kumapayi as Deputy Managing Director for African Subsidiaries, effective October 27, 2026. This appointment follows approval from the Central Bank of Nigeria and was announced in a notification filed with the Nigerian Exchange Limited on October 31.

Kumapayi, who previously served as Executive Director for African Subsidiaries since November 2020, will continue overseeing the bank's African operations with an expanded mandate that includes profitability, capital productivity, operational efficiency, and cross-border business integration. This strategic shift by Access Holdings Plc emphasizes extracting value from existing banking operations rather than pursuing expansion as the primary growth strategy.

Group Chairman Aigboje Aig-Imoukhuede stated that the next phase of development will require clearer accountability and disciplined capital allocation to improve financial performance. Managing Director and CEO Roosevelt Ogbonna reiterated the focus on enhancing returns across African subsidiaries and capturing greater value from current operations.