Roosevelt Ogbonna.webp
The Digest:

The acquisition of a £15 million London mansion by Access Bank CEO Roosevelt Ogbonna has drawn sharp criticism from civil society and mixed shareholder reactions. According to Bloomberg, the purchase in Hampstead’s "Billionaires’ Row" has prompted Transparency International Nigeria to question the source of funds and call for tax and asset declaration checks, citing concerns over possible money laundering through bankers.

Key Points:
  • Access Bank CEO Roosevelt Ogbonna purchased a £15m mansion in London.
  • Transparency International Nigeria raised red flags over unexplained wealth.
  • Activist Auwal Rafsanjani urged FIRS to probe tax compliance and fund sources.
  • Shareholders expressed concern over capital flight from Nigeria.
  • Ogbonna recently resigned as non-executive director of Access Holdings.
  • Some stakeholders defended their right to private investment.
  • The case highlights tensions over elite wealth amid national economic strain.
This acquisition reveals how leaders navigate storms not just of finance, but of public trust and perceived equity in challenging times.

Sources: Leadership News, Bloomberg