In 1989, the Bank secured its license from the Central Bank of Nigeria and in 1998, it got listed on the Nigerian Stock Exchange (Refer to Exhibit II for Access Bank on Timeline). In 2002, a new management led by Aigboje Aig-Imoukhuede and Herbert Wigwe (Wigwe) took over Access Bank. The Bank grew both organically and inorganically. In acquired banks like Marina Bank and Capital Bank (2005) and Intercontinental Bank (2012); and acquired majority stakes in Omnifinance Bank (88%, 2008), Banque Privée du Congo (90%, 2008), and Bancor (75%, 2008). After acquiring Intercontinental Bank in 2012, the Bank emerged as the fourth largest in Nigeria with its operations spread across the UK, China, and the UAE, apart from 7 African countries ... |
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