Page 129 - ACCESS BANK ANNUAL REPORTS_eBook

The Committee considers and approves loan applications above certain limits (as defined by the Board from time to time)
which have been recommended by the Management Credit Committee. It also acts as a catalyst for credit policy change
and oversees the administration and effectiveness of the Bank’s credit policies.
The Committee met 13 times in the 2017 financial year.

The Committee’s key activities during the period included review and approval of credit facilities; review of the Credit Port-
folio and Collateral Adequacy Assessment reports and monitoring the implementation of credit risk management policies.

The Committee is chaired by Dr. (Mrs) Ajoritsedere Awosika.

Board risk Management Committee

The membership of the Committee and attendance at meetings in 2017 are as set out below.

Name Jan Apr Jul Oct
11th 12th 10th 10th
Emmanuel Chiejina ✓ ✓ Retired from the Board
Anthonia Ogunmefun ✓ ✓ ✓ ✓
Ernest Ndukwe ✓ ✓ ✓ ✓
Paul Usoro ✓ ✓ ✓ ✓
Abba Mamman Tor Habib ✓ ✓ ✓ ✓
Adeniyi Adekoya Not yet a member ✓ ✓
Iboroma Akpana Not yet a member ✓ ✓
Herbert Wigwe ✓ ✓ ✓ ✓
Obinna Nwosu Apology Apology Resigned from the Board
Roosevelt Ogbonna Not yet a Member ✓ ✓
Ojinika Olaghere ✓ ✓ ✓ ✓
Gregory Jobome Not yet a Member ✓ ✓ ✓

The Committee assists the Board in fulfilling its oversight responsibility relating to the establishment of policies, standards
and guidelines for non-credit risk management and compliance with legal and regulatory requirements. In addition, it over-
sees the establishment of a formal written policy on the overall risk management system. The Committee also ensures
compliance with established policies through periodic review of management’s reports and ensures the appointment of
qualified officers to manage the risk function. It evaluates the Bank’s risk policies on a periodic basis to accommodate major
changes in the internal or external environment.

During the period under review, the Committee considered and recommended some policies to the Board for approval and
received risk reports from all the risk areas except credit. The Committee met four times in the 2017 financial year.
Mrs. Anthonia Ogunmefun succeeded Mr. Emmanuel Chiejina as the Chairman of the Committee following the latter’s
completion of his term limit on June 23, 2017.

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Annual Report & Accounts 2017