Roosevelt Ogbonna, Chikaodinaka Okwuonye, and Bolaji Agbede Top Access Holdings’ N970 Million Share Vesting List

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Jeremiah Ayegbusi

Access Holdings Plc has disclosed that over 46 million shares have vested to its senior management under the Group’s Restricted Shares Performance Plan. The largest recipient is Group CEO Roosevelt Ogbonna, who received 11,235,955 shares, far ahead of any other executive.

While the vesting occurred on January 1, 2025, the shares were originally granted on January 1, 2022. The total number of vested shares—46,052,215 units—translates to an estimated ₦970 million, based on Access Holdings’ May 8, 2025 closing price of ₦21.10 per share on the Nigerian Exchange (NGX).

Top 3 Beneficiaries of Share Vesting

Name	Role	Vested Shares	Estimated Value (₦)
Roosevelt Ogbonna	Group Managing Director/CEO	11,235,955	₦237.6 million
Chikaodinaka Okwuonye	Not Disclosed	6,742	₦142,266
Bolaji Agbede	Acting Group CEO	2,494,043	₦52.6 million

What is the Restricted Shares Performance Plan?

The plan rewards senior executives with shares in the company after a set period—usually contingent on remaining in the company and hitting performance milestones. These shares are granted but only “vest” after the specified duration, meaning recipients gain full ownership rights at that time.

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As noted in the company’s disclosure, “the vesting of shares is not a purchase or sale transaction,” highlighting that the shares were not bought but awarded.

This latest vesting underscores Access Holdings’ strategy of aligning executive incentives with shareholder value creation.

Jeremiah Ayegbusi

Jeremiah Ayegbusi is an economist and former Academic Officer of the Nigerian Economic Students Association, Redeemer's University Chapter (NESARUN). He analyzes economic news and conducts research for long-form analysis, leveraging his strong academic foundation and passion for insights.