News & Events

Access Bank of Nigeria

egabi Solutions implemented Fernbach’s Flexfinance product IFRS (international Financial Reporting Standard) at Access Bank of Nigeria. Access Bank of Nigeria is the first financial institution in Nigeria to successfully adopt the international Reporting Standards since the Nigerian Accounting Standards Board (NASB) issued an implementation roadmap for Nigeria’s adoption of IFRS, which set January 2012 a deadline for compliance for publicly quoted banks in Nigeria. egabi joined hands with Access bank to meet their challenge, the bank was able to fully convert its system to IFRS on the 4th of January 2011 well ahead of January 2012 compliance date set by the government and was demonstrated of its pioneering role in the Nigerian financial services sector.