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Mr Aig-Imokhuede said this in an interview with the News Agency of Nigeria on the sideline of Access Holdings’ second Annual General Meeting held in Lagos. The proceeds of the rights issue will be used to support ongoing working capital needs, including organic growth funding for the group’s banking and other non-banking subsidiaries.
“Therefore, in 2024 when Access Holdings is much older, wiser, stronger, larger and significantly respected by the capital market with over 800,000 shareholders, raising 300 million dollars in capital for Access Bank, its banking subsidiary is not really much of a challenge. “What is on the mind of our shareholders now is recapitalisation and they are also concerned about how their company continues to deliver returns,” he said.
He said: “As an investor, you always look to see whether there is deep concentration where the profit is coming from; in our case, these areas are spread across three core areas that is of significant interest to local and international investors.
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