Access Holdings name Bolaji Agbede as new CEO

By Favour Nnabugwu

 

 

Access Holdings Plc has announced the appointment of Bolaji Agbede as the Acting Group Chief Executive Officer.
This development is coming after the tragic death of the former Group Chief Executive Officer, Dr. Herbert Wigwe.

A statement made by the company’s Board of Directors and dated February 12, 2024, stated that the appointment was subject to the approval of the Central Bank of Nigeria.
Further to its announcement dated February 11, 2024, the Board of Directors of Access Holdings Plc (‘the Company’) has today announced the appointment of Ms Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the unfortunate demise of its former Group Chief Executive Officer, Dr Herbert Wigwe, on February 9, 2024.

“The appointment is subject to the approval of the Central Bank of Nigeria,” the statement read in part.

Agbede, who joined Access Bank in 2003 as an Assistant General, has nearly three decades of professional experience cutting across banking and business consultancy services.

She served in different roles at the bank including, Head, Group Human Resources between 2010 and 2022 before she was appointed the company’s founding Executive Director, Business Support in 2022, a role she held until her new appointment

She holds a Bachelor’s Degree in Mathematics and Statistics from the University of Lagos and a Masters of Business Administration Degree from Cranfield University UK in 2002.

She is also a member of the Chartered Institute of Management UK and the Chartered Institute of Personnel Management of Nigeria.

Africa Re organises a tribute, ‘The Colossus’ for former MD, Bakary Tamara in Lagos

By Favour Nnabugwu
Africa Reinsurance Corporation, Africa Re, has organized a tribute for the late former Managing Director of the organisation, Mr Bakary Tamara, titled, ‘The Colossus’
for Kamara in Lagos yesterday.
It will be recalled that Kamara died on January 12, 2024, at the age of 75.
Kamara joined Africa Re in 1984 as secretary general, before rising to become the chief executive officer of the pan-African reinsurance group in 1993
He retired in June 2011 but remained vice chairman of Africa Re until his death.
The Group Managing Director and Chief Executive Officer of Africa Re, Mr. Corneille Karekezi, who spoke at event described Kamara as a giant who left behind strong institutions.
He said, “When giants leave this world, they leave behind giants; they leave behind strong institutions; they leave behind strong families; they leave behind good culture.
Africa Re is not a normal institution; it is a very complex institution because we are not in one country. We have all the cultures of the African continent in one institution.”
He retired in June 2011 but remained vice chairman of Africa Re until his death.
One of the deceased’s children, Hada Kamara, at the event said, “My father would tell us that being educated does not mean you are better than the one who has never been to a Western school. Being financially independent does not mean that you are better than one with little means. Being a Muslim does not mean you are better than a Christian or a Jew.”
In his tribute, Deputy MD/COO of Africa Re, Mr. Ken Aghoghovbia, spoke of the profound impact  Kamara had on the institution.
“Mr Kamara demonstrated the rare combination of tough love and genuine care. Recognising the potential within each individual, he pushed us beyond our comfort zones, challenging us to dig deeper, strive harder and never settle for less.
“Thus, the collective goal of staff under his leadership was to be nothing but the best, and as a result Africa Re became a respectable global brand,” Aghoghovbia said.
“Where insurance plays a vital role in protecting and enabling progress. Mr. Kamara’s legacy serves as a beacon, guiding us as we continue to fulfil our promise.
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Naicom, NOA collaborate on public awareness, insurance benefits

CAPTION:
L-The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Sunday Olorundare Thomas and Mallam Lanre Issa-Onilu, the Director General of the National Orientation Agency (NOA) during the visit of Naicom to NOA yesterday
By Favour Nnabugwu
The National Insurance Commission, Naicom has take a step further to increase public awareness, paid a courtesy visit to the National Orientation Agency (NOA).
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Sunday Olorundare Thomas received the audience of Mallam Lanre Issa-Onilu, the Director General of the National Orientation Agency (NOA) on collaborations of the two organizations to effectively disseminate information on insurance to the Nigerian populace.
During the meeting, Mr. Olorundare Sunday emphasized the importance of educating Nigerians about the significance of insurance and how it can safeguard their assets and livelihoods.
 He highlighted the need for leveraging NOA’s extensive network and outreach programs to reach diverse segments of the population and convey the message of insurance protection effectively
In response, Mallam Lanre Issa-Onilu expressed his willingness to support NAICOM’s initiatives and pledged to utilize NOA’s structure, platforms, and local understanding to facilitate the dissemination of insurance-related information. He shared a personal anecdote from 2007 when his private car was stolen, underscoring the pivotal role insurance played in swiftly settling his claim. This firsthand experience further reinforced his commitment to promoting insurance awareness among Nigerians.
As the discussion progressed, both parties outlined the terms for their collaboration, emphasizing the need for joint efforts in organizing awareness campaigns, workshops, and outreach activities aimed at educating Nigerians about the benefits of insurance coverage. They also discussed the development of tailored communication materials and leveraging digital platforms to maximize outreach and engagement.
The collaboration between NAICOM and NOA signals a significant step towards enhancing financial literacy and promoting a culture of insurance awareness in Nigeria. By combining their resources, expertise, and outreach capabilities, both organizations aim to empower Nigerians with the knowledge and understanding needed to make informed decisions regarding insurance protection, ultimately fostering greater financial resilience and security nationwide.
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

AFCON 2023: Nigeria overpower South Africa 4-2 on penalties to reach Cup Final

By  Favour Nnabugwu 

 

 

Nigeria stepped gingerly into the Championship Match of the 34th Africa Cup of Nations after a turgid 120 minutes battle with South Africa that eventually went into a nail-biting penalty shootout in Cote d’Ivoire’s second city, Bouake on Wednesday.

The game ended 1-1 after extra time and the Super Eagles triumphed 4-2 after penalties.

It was dubbed the “Ampiano Derby’ but there was so much piggybacking on the game, and as the players stepped onto the turf of the Stade de la Paix, it was obvious that they were determined to fight a ‘war’.

Sphephelo Sithole got his leg to a through ball as the Bafana Bafana poured forward in the quarter-hour, but Nigeria goalkeeper Stanley Nwabali would never be beaten that way. Minutes later, Victor Osimhen and Ademola Lookman combined to pull something out of the chestnut, but the defenceline of Teboho Mokoena, Aubrey Mobida and Siyanda Xulu was very much on the alert.

Nwabali was again on the alert in the 28th minute to break the heart of Percy Tau, and nine minutes later, Alex Iwobi’s shot from the edge of the box was too feeble to rattle goalkeeper and captain Ronwen Williams.

In the 39th minute, Nwabali again denied Tau as the forward concocted a chip. At the other end, Osimhen failed to direct his header well when Ola Aina sped down the left and heaved the ball into the opposition box.

Osimhen again failed to direct his header properly in the 57th minute. Eight minutes later, Nigeria earned a penalty after the tireless Osimhen was upended in the box as he went on a sharp solo. William Ekong made no mistake from the spot.

In the 72nd minute, the combination of Osimhen, substitute Chukwueze and Lookman had the Bafana defence flat-footed, only for Osimhen to get too much purchase on the ball when he tried to find Lookman for the final delivery.

Evidence Magkopa got behind the Nigeria defence in the 75th minute and watched his fierce shot roll aimlessly away. For a response, Chukwueze and Aribo combined to set Lookman free in the middle, but the striker was checkmated.

With five minutes left, the Eagles broke forward in a sweeping team move. The irrepressible Lookman sped away from the middle and found Bright Osayi-Samuel on the right, and the defender’s cross screened goalkeeper Williams to allow Osimhen a simple tap-in. After ruling it a goal, Egyptian referee Amin Mohamed Omar’s attention was called to an earlier incident in the Nigerian box, and he instead awarded a penalty to South Africa, converted by Teboho Mokoena.

In extra time, Lookman watched his shot parried by Williams, who then saved a shot by Osimhen. Osimhen headed just slightly over the bar as Nigeria searched for a means to end the encounter without going into penalty shootout.

In the ensuing penalty shootout, Williams, who had saved four in the shootout against Cape Verde that saw the Bafana Bafana reach the last four, could not stop any of Nigeria’s kicks. Only Ola Aina booted his kick over the sticks. Terem Moffi, Kenneth Omeruo, Ekong and Kelechi Iheanacho all scored, while Nwabali saved two of South Africa’s kicks and was duly named Man of the Match.

In the event, Nigeria will play in the Final of the continent’s flagship football competition for the eighth time.

The Super Eagles will take on tournament surprise team and hosts Cote d’Ivoire in the Final on Sunday night at the 60,000 – capacity Stade Olympique Alassane Ouattara in Ebimpe, outside Abidjan.

Photo News: NAMA MD/CEO, Avsatel MD/CEO visit NiMet DG/CEO Anosike, discuss Collaboration

CAPTION:
The Director-General and Chief Executive Officer of Nigerian Meteorological Agency (NiMet), Prof. Charles Anosike, received in audience the Managing Director/Chief Executive Officer of Nigerian Airspace Management Agency (NAMA), Engr. Umar Ahmed Farouk in Abuja Wednesday
By Favour Nnabugwu
The Director-General and Chief Executive Officer of Nigerian Meteorological Agency (NiMet), Prof. Charles Anosike, received in audience the Managing Director/Chief Executive Officer of Nigerian Airspace Management Agency (NAMA), Engr. Umar Ahmed Farouk 3rd right in the group photograph), and the Managing Director/Chief Executive Officer of Avsatel Communications Ltd, Mag. Georg Eder (2nd left), at the agency’s headquarters in Abuja Wednesday.
The three Chief Executive Officers discussed collaboration and other matters that will be of mutual benefits to their respective organizations.
Also at the meeting were Engr. Abdulkareem Hamid Olayinka, Executive Director, Engineering and Technical Services, NiMet (left), and Prof. Vincent Ezikornwor Weli, Executive Director, Weather Services, NiMet (Right).
Naicom dissociates self from fake recruitment website

By Favour Nnabugwu

 

The National Insurance Commission (NAICOM) has dissociated itself entire body from fraudulent recruitment website claiming to be representing the Commission

In a statement on Wednesday in Abuja, the apex insurance regulator wishes to inform the general public “that we are aware of fraudulent recruitment websites claiming to represent NAICOM and soliciting applications for employment”.

The statement noted that NAICOM does not endorse any recruitment website other than its official platform.

It further clarifies that NAICOM is not currently conducting any recruitment exercise nor is it offering any grants or financial assistance programs, adding that any information suggesting otherwise is false and should be disregarded.

“NAICOM shall not be held responsible for any loss, damage, or inconvenience incurred as a result of engaging with fraudulent recruitment websites or individuals misrepresenting the Commission” , the statement said.

The insurance regulator noted that accurate information regarding recruitment, grants or any other official communication from NAICOM, should be referred it’s official website or contact through its recognized communication channels.