Access Holdings Plc appointed Abiodun Adigun as managing director and chief executive officer of its digital lending subsidiary Oxygen X, the company said in a regulatory filing to the Nigerian Exchange.
APPOINTMENT AND ROLE
The appointment placed Mr. Adigun at the helm of Oxygen X, a unit the parent company described as focused on financial inclusion through digital lending.
Access Holdings, which controls a portfolio of financial services businesses, had positioned Oxygen X as its digital lending arm aimed at expanding access to credit via technology platforms. The company said the appointment, which had received all necessary regulatory approvals, was part of a broader effort to strengthen executive capacity across its subsidiaries.
MARKET CONTEXT AND IMPLICATIONS
Access Holdings said Adigun's experience would support Oxygen X's next phase of growth as competition intensified in Nigeria's digital lending and financial inclusion space.
Aig-Imoukhuede said the appointment reflected the group's focus on building globally competitive financial services businesses through strong leadership and innovation.
Mr. Adigun joined from Credit Direct Finance Company Limited, where he was Country Sales Head and Chief Marketing Officer, and has more than two decades of experience in financial services. Access Holdings chairman Aigboje Aig-Imoukhuede said the appointments, which also included a new managing director at Access ARM Pensions, would strengthen the group's succession pipeline and position both subsidiaries to capture emerging market opportunities and improve customer value delivery.
Adigun holds an MBA from China Europe International Business School (CEIBS), Shanghai, and a bachelor's degree in business administration.
Sources: Nairametrics Finance