President Tinubu mourns CEO of Access Holdings Plc, Herbert Wigwe, former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, others

By Favour Nnabugwu

 

 

After receiving an official confirmation of events, President Bola Tinubu receives with shock and deep distress the news of the passing of Mr. Herbert Wigwe, top banker and entrepreneur, and Mr. Abimbola Ogunbanjo, former Group Chairman of the Nigerian Exchange Group Plc, along with members of the Wigwe family.

Mr. Herbert Wigwe, was the Chief Executive Officer of Access Holdings Plc and founder of the How Foundation.

President Tinubu mourns these exceptional Nigerian business leaders and describes their passing as “an overwhelming tragedy that is shocking beyond comprehension.”

The President condoles with the Wigwe and Ogunbanjo families, the business community, and all those impacted by this harrowing incident.

President Tinubu prays for the peaceful repose of the departed and asks God Almighty to comfort the multitude of Nigerians who are grieving and the families of the deceased at this deeply agonizing moment.

Access Holdings confirms passing away of MD, Herbert Wigwe, wife, & son

By Favour Nnabugwu

 

The Board of Directors, Access Holdings Plc  has confirmed the passing of Dr. Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary, Access Bank Plc.

Dr. Wigwe died alongside his wife and son on Friday, February 9, 2024, in a helicopter accident in the United States of America.

The entire Access Family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his family and loved ones. Dr. Wigwe was a key driving force and a larger-than-life personality who brought his remarkable passion, energy, and experience to the transformation of the Access franchise since joining the Bank in 2002.

Commenting on the passage of Dr. Wigwe, Mr. Abubakar Jimoh, Chairman of Access Holdings said:

“The Access Family has suffered a major loss with the passing of Dr. Wigwe who was a great friend and fine gentleman. He had a prodigious intellect, admirable personal qualities, and vast business experience which he brought to bear on the Access Family and for which we owe him a debt of gratitude.

We remain confident that the Access Group will build further on Dr. Wigwe’s legacy of growth and operational excellence.”

Dr. Wigwe was instrumental in the growth of Access Bank, which he co-founded with his friend and business partner Aigboje Aig-Imoukhuede. He took over as Access Bank Group CEO in 2014, focusing on the Bank’s expansion in Nigeria and Africa before taking the helm at Access Holdings in 2022. Under his leadership, Access Bank drove its African strategy to become Sub Saharan Africa’s largest retail bank by customer base.

Dr. Wigwe was a member of the Access Bank UK board as well as the board of the Nigerian Business Coalition Against AIDS (NiBUCAA). He has long been an advocate for the eradication of malaria in Africa, working with the Corporate Alliance on Malaria to support this objective.

He also sat on the board of the Nigerian Mortgage Refinance Company and Friends Africa and was an honorary member of the Chartered Institute of Bankers of Nigeria and a fellow of the Institute of Chartered Accountants of Nigeria and Institute of Credit Administration.

A two-time winner of the African Banker of the Year award from the African Banker Awards, Dr. Wigwe was a passionate advocate of the United Nations Sustainable Development Goals, which form the bedrock of Access Holdings’ growth strategy.

His academic credentials include a degree in Accounting from the University of Nigeria, an MA in Banking and Finance from the University College of North Wales (now Bangor University), and an MSc in Financial Economics from the University of London. He also completed the Harvard Business School Executive Management Program.

Dr. Wigwe recently founded Wigwe University, Africa’s first ivy league institution dedicated to providing a world-class education and raising the next generation of fearless leaders.

President Tinubu commends sacrifices of the Arm Forces, exalts continous protection of Nigeria’s Territorial Integrity

By Favour Nnabugwu 
President Bola Tinubu has commended the sacrifices of the country’s the armed forces and their continuous protection of  Nigeria’s territorial integrity against all threats.
Speaking at an event marking the Diamond Jubilee of the Nigerian Defence Academy (NDA) in Kaduna, on Saturday, the President assured the military of his administration’s commitment to its welfare, as well as unflagging support in the discharge of its duties.
The NDA was established about six decades ago, on February 5, 1964. The institution has undergone various stages of transformation in its quest to fulfill its mandate of training officers for the Nigerian Armed Forces. Before obtaining independence from Britain, Nigeria’s first set of officers were trained in Ghana and subsequently at the Royal Military Academy in Sandhurst, England. But by January 1964, four years after independence, the first batch of 64 army and navy cadets commenced training at the NDA.
President Tinubu highlighted some of the milestones recorded during the transformation of the NDA to include the subsequent addition and training of Air Force cadets, the successful reunification of the country after the Civil War in 1967 as well as the various short-service military training programmes instituted to fill the manpower needs caused by the Civil War.
Other noteworthy achievements he accented include the upgrade of the NDA from a non-degree awarding institution to a full-fledged degree-awarding university in 1985, thereby phasing out the Nigerian Defence Academy Certificate of Education hitherto awarded to cadets.
“The government is also pleased to note that the curriculum approved by the National Universities Commission, the regulatory body is sufficiently robust and broad-based to enable the cadets to acquire the knowledge, skills, values, character, and discipline required for effective and efficient service in the Nigerian Armed forces in peace times and in times of crises.
“I understand that other giants’ strides recorded in the NDA include the establishment of post-graduate programs, the creation of research centres and centres of excellence to facilitate research and enable cross fertilization of ideas.
“The consistent academic calendar devoid of industrial disputes and strikes should make the NDA postgraduate school an institution of first choice not only for Nigerian students but also for students across the globe”
” I therefore charge the academic staff both military and nonmilitary to transform the NDA into ‘Nigeria’s Silicon Valley,’ a hub for startups where ideas are not only incubated but also actualized,” the President said.
President Tinubu commended the past and present leadership of the NDA for the quality of military and academic training, which has continued to attract clientele from other African nations.
He said with the quality of training at the Academy, the military is capable of bringing to an end all acts of banditry, insurgency, and criminality that have ravaged the country.
“Let me also add that although the war against the enemies of Nigeria is not over, it is fair to state that relative peace has been recorded across the major flash points. These successes have come at a price for the government and the populace. We remember our fallen heroes and those out in the trenches for the sake of our fatherland. Let us also celebrate their resilience and sacrifice at this diamond jubilee.
 “I urge you to continue to play your constitutional role of safeguarding the territorial integrity of Nigeria, our fatherland. You must shun any acts that are inimical to the well-being of our nation and acts which can destroy the gains of democracy which we have enjoyed in the last 20 years.
“The government is fully aware of the service and sacrifices that members of the Nigerian Armed Forces have continued to render across the length and breadth of this country, especially in the face of daunting challenges. We, as a government, will continue to accord priority to the needs of the armed forces to enable the military to play its constitutional role without let or hindrance.
“Let me reiterate the urgency to upscale the fight against insecurity, which has robbed us of peace and progress. While the relative peace you have been able to secure is worth celebrating, you must remember that the war is not yet over until every parcel of land held by the enemy is flying the flag of the Federal Republic of Nigeria,” the President said.
Access Bank GMD, Herbert Wigwe, Wife, Son, NGX Chairman, Abimbola Ogunbanjo, others feared dead In Helicopter Crash

CAPTION:

Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe and Group Chairman of Nigerian Exchange Group Plc (NGX Group), Abimbola Ogunbanjo,

 

 

By Favour Nnabugwu

 

 

The wife and son of the Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe, and himself have reportedly been involved in a helicopter crash in the United States of America.

According to TheWill, the Group Chairman of Nigerian Exchange Group Plc (NGX Group), Abimbola Ogunbanjo, was also in the helicopter during the crash

It was gathered that Wigwe, his wife and son were in the helicopter, which was headed to Las Vegas when it crashed near a border city between Nevada and California on Friday night.

According to TheWill, the Group Chairman of Nigerian Exchange Group Plc (NGX Group), Abimbola Ogunbanjo, was also in the helicopter during the crash.

Also, it was learned that six people were feared dead after the horrific helicopter crash in California, marking the state’s second fatal accident in under a week
Officials said the helicopter crashed near Nipton on the edge of the Mojave Desert late on Friday evening.

The helicopter, a Eurocopter EC 130, had been carrying six people onboard at the time of the incident.

It comes just days after a Navy chopper carrying five troops crashed during a routine training flight in Pine Valley, California.
The helicopter carrying six people crashed in San Bernardino County overnight, with authorities saying they have been unable to locate any survivors