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‘Buy Up And Merge’: Access Bank’s Turnaround Expertise Leads It To Become Africa’s Largest Bank By Customer Base

The Oasis Reporters

April 13, 2023








Roosevelt Ogbonna, (MD/CEO), Access Bank of Nigeria PLC.


With it’s total assets worth $28.8 billion, Access Bank assumes the enviable position of being Africa’s largest bank by customer base. It has 42 million customers at over 600 branches in Nigeria, The Gambia, Kenya, Rwanda, Sierra Leone, Zambia, UK, Kenya, Mozambique, Burundi, South Africa, DR Congo and Ghana.





Atlas Mara has sold its operations in Botswana to Access Bank of Nigeria. This sales undertaking happened a few months ago.

Atlas Mara also sold its banks in Rwanda, Mozambique, Tanzania and Zambia to Equity Bank of Kenya.


Access Bank PLC is one of the top Tier-1 banks making Nigeria proud on the global pedestal and raising the profile of the country on the African continent.

On September 15, 2019, The Oasis Reporters published a report titled
‘The Banks In Nigeria Are Owned By Black Nigerians’, RSA’s Julius Malema Pays Tribute To Nigerian Ingenuity.

Julius Malema is the Commander – in – Chief of Economic Freedom Fighters [EFF] political party, and a Revolutionary activist for radical change in Africa. Watch the video below and understand the awe and admiration in his voice when he describes Nigeria.




Being South African, he admires the go- getting guts of Nigerians, a people who thrive despite several odds. He may have missed the point that practically over 90% of Nigerians are “black”.

His home country, South Africa is a beautiful rainbow nation because of it’s history which has made it colourful, with infrastructure that make Nigerians drool and wish for.

Still, Nigerians show great resilience.

Mention Access Bank Plc anywhere in Nigeria, the brand recognition is evident. Buying up other banks to join it shows deep study. They would have quickly noticed and understood why the clients are offering themselves for sale.

If it is a failure of robust corporate governance, discipline or whatever else, Access Bank Plc has shown how savvy it is when it comes to turnaround expertise. This is what they bring to bear when they acquire a bank abroad. Shortly afterwards, they rise into profits, adding to the 30% profits they project from external operations into the group’s profits as one of Nigeria’s leading banks.

Written by Greg Abolo

Greg Abolo

Blogger at The Oasis Reporters.

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