Access Holdings has appointed Abiodun Adigun as CEO of Oxygen X, its digital lending unit, as the group pushes financial inclusion and growth.
Access Holdings appointed Abiodun Adigun as the new CEO of Oxygen X Finance Company Limited. Oxygen X is the group’s digital lending arm, meaning it uses software and data to issue loans through digital channels, instead of relying mainly on physical branches.
The group said the change was announced via a regulatory filing to the Nigerian Exchange Limited and has secured the required approvals. Access Holdings also framed the move as part of a broader plan to strengthen leadership capacity across its subsidiaries.
Adigun comes with more than 20 years of financial services experience across business development, sales leadership, customer experience, credit management, and business transformation. Most recently, he was Country Sales Head and Chief Marketing Officer at Credit Direct, where he led expansion and market diversification.
According to Access Holdings chairman Aigboje Aig-Imoukhuede, the appointment is meant to support the next phase of growth for its businesses and strengthen the group’s succession pipeline.
Nigeria’s digital lending space is getting more competitive, with more lenders fighting for the same customers and facing tighter expectations on risk controls. Risk controls are the checks a lender uses to reduce bad loans, like affordability checks and repayment monitoring.
For Oxygen X, leadership matters because scaling consumer and SME credit needs strong underwriting, distribution, and customer support. Underwriting is the decision process that determines who gets a loan and on what terms.
For the wider market, the move shows how bank-led groups are still investing in tech-first lending units to reach underserved customers. That can expand access to credit, but it also raises the bar on compliance, data use, and customer treatment as regulators and consumers pay closer attention.
Primary Source: Nairametrics
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